In Recipe for hyperinflation, we said:
Therefore, watch what the US government is doing with the monetary ?rules? in its attempt to fight deflation. And hold gold as you watch them. Remember what we said before in Have we escaped from the dangers of inflation?,
One final word: fiat money is only as stable as the government that enforce it, and only as safe as the stringency and integrity of the central banks who create it. Gold, on the other hand, yield to neither control nor will of any government.
In Bernanke endorses quick, temporary fiscal stimulus,
Congress could help steer the economy away from recession if it adopted a quick, efficient and temporary fiscal stimulus plan, Federal Reserve Chairman Ben Bernanke told Congress on Thursday.
Watch carefully now.
