“Maybe there really is a recovery…however weak. Maybe the feds really do have the situation under control. Maybe the central banks are right to print money. Maybe it will be clear sailing from now until Kingdom Come. And we’ll be fools not to be on the boat along with all the other stockbuyers and gold-dumpers. One day, however…and we won’t say ‘when’…people will stop worrying about the quantity of the paper and begin worrying about the quality of it. They will find that they have plenty of paper…and that more is coming all the time. They will look in their vaults and wonder what they will do with all this paper money.”
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