The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (30270)	4/8/2005 3:04:56 PM
From: ild	Read Replies (1) of 110194

Date: Fri Apr 08 2005 13:43 trotsky (Pyrite, 11:38) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i'm not entirely sure if i understand the question correctly. but anyway here goes: can gold be a universal store of value in today's world? i believe we have proof that that is the case. after all, since gold has begun to float against the fiat currencies in '71, it has outperformed every single one of them. the 'slave labor' canard is an invention of the protectionists. principles do not get voided just because some extraneous circumstance is having a bad effect. what i mean by this is the following: we know that a huge and growing trade deficit could not possibly occur under a gold standard. there would still be occasional instances of trade imbalances, but they would quickly self-correct. fiat money makes the current untenable situation possible. however, we do NOT make things better in any way by now adding yet another layer of statist intervention in the form of tariffs. this is where the overarching principle of individual liberty comes into play. when we buy goods from a Chinese producer, we do so VOLUNTARILY. it is up to each individual whether he wishes to engage in voluntary trade with another. why should the borders of nation states matter in this context? no-one e.g. calls for , say , New York to impose tariffs on Arkansas, in spite of the fact that everything is a tad cheaper in the latter. when the state imposes tariffs, it diminishes the freedom of individuals to engage in peaceful voluntary trade. i have yet to hear a cogent explanation as to why peaceful voluntary trade between individuals is harmful or should be inhibited. such an imposition by the state must be resisted. the root of the problem ( the fiat system ) should be attacked, instead of attempting to treat the 'symptoms' - and that is without even considering the fact that the proposed treatment will do far more economic harm than good. not surprisingly, one of the strongest advocates of the tariff is the slimy socialist Schumer - who in my opinion is nothing but a modern-day robber baron. he wants to basically steal money via tariffs in order to give it to whoever he thinks he can buy votes from. that is the essence of his demands.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next