The US Dollar has got to go
Christopher Galakoutis
Thursday, November 13 2008 12:42 PM

It is clear that the United States has relied on a continuous cycle of debt growth to fuel its economy.  The engine of the US economy has been the US consumer, and consumer debt had to expand at a rate that far outpaced negligible consumer income growth in order for the US economy to continue to “grow.”

Expanding the amount of money and credit is easy under a fiat system when your currency is the world’s reserve currency.  The US has, for years, been able to cre...

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Why would Credit Deflation bring down Gold when Credit Inflation didn’t send it to the moon?
Christopher Galakoutis
Thursday, October 23 2008 9:02 AM

I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare.  Those arguing against my position believe the US will not experience inflation as quickly as some might expect. 

I have great respect for some of the analysts on either side of this debate.  Coming from more of a fundamental rather than technical background, I am not too concerned about all the little nuances inherent in this debate, and I do not...

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Deflation Scare the Perfect Camouflage
Christopher Galakoutis
Friday, October 17 2008 12:48 PM

It is said the market can sniff out prospective problems and price itself accordingly.  If so, then someone needs to get this dog some nasal spray, lickedy-split!

The deflation scare currently hovering over the entire market, particul...

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Panicking out of Gold is not the answer
Christopher Galakoutis
Tuesday, September 9 2008 11:00 AM

Watching the US markets, including the dollar, rally of late in light of the stream of horrific economic news, including this past weekend’s announcement of a historic US government bailout of Fannie Mae and Freddie Mac, was sort of like wat...

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Bernanke receives standing-eight count
Christopher Galakoutis
Friday, June 6 2008 3:48 PM

It is becoming increasingly obvious to everyone that in the world of central bankers there is only one credibility champ.

Federal Reserve chief Ben Bernanke warned about the price pressures caused by a weak dollar and emphasized inflation...

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