Central Banks Need More Safe Assets like Gold

Must Read: Lower Standards and Unrelenting Debasement

As the amount of safe assets held by the Federal Reserve — such as gold, tender notes, and government and commercial bills — has fallen in relation to the size of its balance sheet, the purchasing power of the dollar has been relentlessly diminished.

This analysis covers the British Pound as prototype for Next Step in Dollar Debasement

What this post is …