Here’s the latest monster posting from FOFOA. His writing and his ability to explain Freegold have always been excellent, but it seems he is found another gear recently. His last major articles was a barn burner that swayed at least one hard core deflationist in Rick Ackerman. I suspect his latest will sway others.
I have given up hope the Mish will ever publicly acknowledge the Freegold concept. Mish’s ego is number one with Mish, and that is unfortunate. He is right on the spot with so many things and his readership is massive. I wish he could understand that he is right about deflation and has been right for a long time. Nobody is really disputing that deflation is a natural result of our fraudulent monetary system. But Mish cannot acknowledge that hyperinflation is result of deflation. He is fond of saying that hyperinflation is a political creation, which I agree. But then his argument against it is that the banks that run this country would never allow it. What he misses is that it cannot be stopped, it is built into the system. It isn’t a matter of allowing it or not. The banks and the giant s of the world know this and are preparing for the dollar revaluation by acquiring gold.
I believe Mish secretly understands Freegold and agrees with FOFOA. But, if he acknowledged such a thing it will make him appear like a flip flopper and somehow diminish his existing body of superior analysis. Mish has an out and I think he will use it when the time comes, he believes gold will go higher in a deflation.
A quick note: I post FOFOA on this blog because the intent of this site is to put a lot of material in one place for those who are just getting started in the notion that we are headed for difficult times. I wanted a place where I could direct someone to go instead of generating a list of sites every time I engaged with someone who showed interest in gold as money. This blog is a starting place. To really grasp the deepest understanding of Freegold, I highly recommend the source itself, FOFOA’s blog. He is totally non-profit and does not charge or advertise. But, he does take donations. If you believe his writing holds value to you, please consider donating to his blog.
Without further ado, here’s FOFOA: