---
title: "Goldbug Saturday"
url: https://independentstockanalysis.com/goldbug-saturday/
description: "“Bereft of the modern printing press, the Romans resorted to clipping their metal coins, a practice most prevalent during the reign of their infamously…"
published: 2012-06-16
updated: 2012-06-16
---

# Goldbug Saturday

Published 2012-06-16

Posted on

by

J.J. Butler

“Bereft of the modern printing press, the Romans resorted to clipping their metal coins, a practice most prevalent during the reign of their infamously pyromaniacal emperor, Nero. The idea was simple enough: Boss Man calls in ten coins…then reissues eleven, fashioned out of the same amount of metal. And, voilà! Wealth has increased by 10%! The scam here is obvious…except to the credulous acolytes of modern finance.” [Daily Reckoning](http://dailyreckoning.com/the-long-and-sordid-history-of-currency-debasement/)

Perpetual QE Has Arrived: “Unless the Fed is Actively Engaging in monetization at every given moment, the impact from easing diminishes progressively, ultimately approaching zero and subsequently becoming negative!” And this was written **prior** to ‘preparing to interveen’ talk of Thursday and Friday at [Zero Hedge](http://www.zerohedge.com/news/stock-dead-long-live-flow-perpetual-qe-has-arrived).

But this fellow says Current Account, Inflation & Jobless Claims Not Enough For QE3 & Twist Pressure at [24/7 Wall Street](http://247wallst.com/2012/06/14/current-account-inflation-jobless-claims-not-enough-for-qe3-twist-pressure/).

“There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency.” – Ray Dalio (AA) [Cliff Comment: The inflation from money printing *might* not occur rapidly enough to prevent a deflationary financial system disastrous collapse.]” [Cliff Kule](http://www.cliffkule.com/2012/06/banks-will-print-money-there-hasnt-been.html)

Cheap gold stock commentary Adam Hamilton at [Zeal](http://www.zealllc.com/2012/cheapgs3.htm).

Gold chart at [Seasonal Charts](http://www.seasonalcharts.com/classics_gold.html) with a hat tip to 3.58 at [Investor Village](http://www.investorvillage.com/).

S&P 500 inverse head & shoulders breakout: This is How Bottoms are Formed from [All Star Charts](http://allstarcharts.com/this-is-how-bottoms-are-formed/) and another from [Market Anthropology](http://www.marketanthropology.com/2012/06/megaphoneinverted-h.html).