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Re: Global economic collapse for dummies.....

By: faul in ALEA | Recommend this post (0)
Wed, 06 Jun 12 7:24 PM | 60 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08337 of 54959
(This msg. is a reply to 08336 by DigSpace)
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Hi Dig.......

not saying i support a return to a gold standard or
that it would fix the problems.......it's not gold or
FIAT that's the problem......it's the psychopaths we
elect to run the asylum that's the problem....& the
population as a whole that votes & "believes" in themSmile

Doma.


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The above is a reply to the following message:
Re: Global economic collapse for dummies.....
By: DigSpace in ALEA
Wed, 06 Jun 12 6:47 PM 		Msg. 08336 of 54959

I guess that's my point, going to a gold standard would at once

1. cause massive (disruptive) appreciation in the value/price of gold
2. be as or more vulnerable to instability. One word: Hording.

The current monetary system of agreement and one of deliberately arbitrary management (simply assigning inflation, liquidity, and growth targets) seems no more crazy or unstable than would be the case with a gold standard.

So while we can criticize and lament the current system, what is the alternative ... gold?

Humans have routinely conjured agreed upon monetary systems since their dawn. These are and have always been vulnerable to corruption, manipulation, counterfeiting, and reckless mismanagement.

.... but I'm not seeing an alternative addressing your concerns about the current system.


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