by Frank Shostak, Mises Institute:
The heart of economic growth is an expanding subsistence fund, or the pool of real savings. This pool, which is composed of final consumer goods, sustains individuals in the various stages of the production process. The increase in the pool of real savings permits the expansion and the enhancement of the infrastructure, and this strengthens economic growth. An increase in economic growth for a given stock of money implies more goods per unit of money. This means that economic growth, all other things being equal increases the purchasing power of money.
GOLD CLOSED UP $1.00 TO $1874.00//SILVER CLOSED DOWN 21 CENTS AS THE BANKERS ARE DESPERATELY TRYING TO MAINTAIN THEIR SHACKLES ON THESE TWO KEY PRECIOUS METALS//PLATINUM IS DOWN $8.40 TO $1081.15/PALLADIUM IS DOWN ANOTHER $13.20 TO $1776.35 AND THUS THE RATIO OF PRICE ON PLATINUM/PALLADIUM CONTINUES TO RISE//COVID UPDATES: DR PAUL ALEXANDER: MUST READS TODAY/VACCINE IMPACT/SLAY NEWS//MORE ON GOTTLIEB’S CENSORSHIP ON THE PFIZER VACCINE//MUST READS: TED BUTLER AND EGON VON GREYERZ//USA DATA: CREDIT CARD DEBT HITS ALL TIME HIGHS//INTERESTING CLASSIFIED DOCUMENTS FOUND IN BIDEN’S PENNSYLVANIA SANCTUARY (THESE DOCUMENTS WERE FROM HIS TENURE AS VICE PRESIDENT AND HE CANNOT DECLASSIFY THEM)
