Fund Dedicated to Concept That Gov't Will Never Abandon Credit Expansion
A wide-ranging research newsletter on the “sovereign time bomb” released today covers topics including hyperinflation, deflation, bond, gold, and its perspective on the government’s role in creating the financial crisis. Matterhorn Asset Management believes governments “will not abandon further credit expansion.”
From the newsletter:
“In our view, governments like the US and the UK and many others will not abandon further credit expansion. They are committed to printing increasing amounts of worthless paper money in order to finance the growing deficits and the rotten financial system.
“Therefore there is no chance of Quantitative Easing ending but instead it will accelerate in 2010 and after. The consequence of this will be a hyperinflationary depression in many countries due to many currencies becoming worthless. No economy in the world, including China, will avoid this severe economic downturn which is likely to have a major impact on the world economy for many, many years to come.”
This post came to our attention via the ChrisMartenson.com, and you can visit Matterhorn Asset Management to read the worthwhile coverage of how sovereign alchemy will fail.