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Governments always choose inflation over default. Always. Without exception in modern history.
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We are leaving 40 years of free markets and entering an era of government-directed credit.
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The most dangerous words in finance are: this time is different. The second most dangerous: it can't happen here.
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Central banks are losing control of money creation to governments. That changes everything about asset allocation.
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Study the 1940s. That's my answer to almost every question about where we're heading.