Economic Hokum Overseas! In Astonishing Performance, Vietnamese Central Bankers Match U.S. Fed Absurdity Levels!

"Vietnam's communist authorities have temporarily suspended all gold imports in a bid to tackle the country's spiralling trade deficit and help support the depreciating local currency, the dong.

With Vietnamese investors rushing into gold as a hedge against skyrocketing inflation, Hanoi - which sets an annual quota for gold imports - has withdrawn licences for further imports, traders said yesterday.

The decision comes as record imports of gold bars have made Vietnam the world's biggest market for gold bullion, surpassing India and China and helping to deepen Vietnam's trade deficit."

CHARLES HAS A COMMONSENSE SUGGESTION FOR BOTH VIETNAMESE AND U.S. CENTRAL BANKERS:

"Want to stop inflation? STOP INFLATING! If you keep debauching your currencies, prepare to get trampled by the gold stampede!"