The Phaserl


Debt must be inflated away or repudiated, Steer tells Sprott Money News

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

The world economy is declining under the burden of too much debt and only inflating it away or repudiating it will change anything, financial letter writer and GATA board member Ed Steer tells the Sprott Money News weekly wrapup with Jeff Rutherford. Steer adds that the futures markets in New York are suppressing commodity prices and distorting all prices. The interview is six minutes long and can be heard at the Sprott Money News Internet site here:

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