LinkBack URL
About LinkBacksQuestion is not whether or not gold will increase in € or $ value, possibly by a lot, over the next while. It probably will. It's whether or not it makes any sense as backing for currencies. Different question.Originally Posted by youngdan
Question is not whether or not gold will increase in € or $ value, possibly by a lot, over the next while. It probably will. It's whether or not it makes any sense as backing for currencies. Different question.
For all those giving favourable mention in the thread to Alan Greenspan, try his statements of last October Alan Greenspan - Google News. Poor bewildered chap can't understand how it (not he) went wrong. Irrational exculpation, you could call it.
He's a big fan of Ayn Rand, too.
Was a big fan, before he abandoned his youthful ideals and went to work for the government.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Central bankers are never to blame, are they? Here is the press release from the Zimbabwean Central Bank that shows where the market (not it) went wrong.
[COLOR=#1765bc]http://www.rbz.co.zw/pdfs/Press_Zse.pdf[/COLOR]
"Between the 10th and the 20th of November,
2008, total fraudulent cheques we intercepted in
the clearing system had risen to $60 hexillion
($60,000,000,000,000,000,000,000).
The tragic reality is that this $60 hexillion had
infact been deployed on the Zimbabwe Stock
Exchange, bidding up share prices; with some
going onto the foreign exchange parallel market."
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
¦
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
LOL
The Zimbabwean Central Bank!
LOL
LOL
LOL
I could probably buy their entire bank with the spare change I keep in my top draw.
What point are you trying to make by quoting them?
Economic Left/Right: -0.50
Social Libertarian/Authoritarian: -0.77
That people in power will always blame anyone they can instead of admitting their own failed policies are responsible for economic calamity.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
¦
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
The gold standard is the negation of slavery and the empowerment of virtue
Tu Ne Cede Malis Sed Contra Audentior Ito
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
What you smoking? The gold standard is the subordination of the government to the people.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
How large are the Irish Government's gold reserves?
Tu Ne Cede Malis Sed Contra Audentior Ito
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
None - apparently Cowen aka Magic Arse sold them all a few years ago to the ECB at a discount. I learned that myself only recently - made me feel sick.
"The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.'' ~ J. Edgar Hoover
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote