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Deutsche Bank Proclaims Western Currencies Worthless

by Jeff Nielson
Bullion Bulls Canada

Regular readers know that I have very little tolerance for bankers talking out of both sides of their mouths. So when I saw yet another piece of blatant banker double-talk, I wasn’t about to let it pass without comment.

In “The Implication of Currency Dilution”, I explained the dynamics of the concept of dilution. When a bar waters-down its booze, the value of the liquor declines. When a lemonade stand waters-down its lemonade, the lemonade is worth less. When a company prints-up shares (i.e. “dilutes” its share structure) the value of the shares decreases. When we “dilute” our gold from more-pure 24 karat gold to less-pure 10 karat gold, the gold is worth less.

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