Don Coxe Taking inspiration from George Orwell’s “1984,” renowned BMO
advisor Don Coxe has coined the expression “Weakness is Strength” to
describe the current economic situation. In a far-ranging interview with
The Gold Report, Coxe explains how an international regime of weak
currencies has set the scene for a upsurge in the price of gold shares
and believes that gold will return as a preferred hedge against loss of
value because inflation is inevitable. from The Gold Report
The Gold Report: Your investors’ report last week was entitled, “Orwellian Currencies: Weakness is Strength.” Could you please explain?
Don Coxe: In his classic book, “1984,” George Orwell’s Big Brother rules society with three slogans: “War is peace. Freedom is slavery. Ignorance is strength.” I coined the slogan “Weakness is Strength” to sum up the idea that a weak currency creates a strong economy. But it has to be weak like Goldilocks’ porridge: Weak enough so that domestic industries can still sell products abroad, but not so weak that people dump government bonds and cause a financial crisis, which is the situation that threatened the Eurozone when the euro went south 18 months ago.
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