Gold Daily and Silver Weekly Charts - 2012: The Year of Living Dangerously

There is nothing 'modern' at all in Modern Monetary Theory. It is the same old fish wrapped in slightly different paper. The godfathers of Modern Monetary Theory are John Law, G.F. Knapp, J.M. Keynes, and most lately Alan Greenspan.  But its roots go back to any ruling group that ever debased a currency or seized private property by fraud.

It is in the nature of a Ponzi scheme. As long as its