Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: d:oug who wrote (6569)	6/18/1999 11:15:00 PM
From: Hawkmoon	Read Replies (1) of 82019

But then saying I am two faced is saying either I am a lier or simply switch sides without justification. Well, as we know some cannot follow a discussion that require more than 2 level of scope. Doug, Being "two-faced" is essentially a question of your response: Message 10169936 To Zeev's comment: Message 10169829 In which he responded to your comment: Gold was only picked back then before the world economies became very much richer in wealth as today. It don't have to be gold, it could be any object, even one that does not exist in physical world, but only agreed on thought. Message 10169709 Doug, I have been saying essentially the same thing for months, here and on the GPM thread. (Nice to know Zeev and I think alike on this issue). I have NO PROBLEM in forming a standard of exchange such as the SDR (special drawing rights) average of a basket of currencies. But gold just isn't going to cut it when it comes to meeting the demands of global growth. The more technology improves, the more productive mankind becomes, producing more goods at lower cost. However, if the ability to increase the money supply can't grow in pace with that productivity growth, deflation becomes the result. More goods are produced than exists money to buy them despite the fact that global demand is in theory very high for these goods. Entire economies are left behind because the continuing "harsh discipline" of gold prevents us from growing as quickly as we have the potential to do. Everything about money is psychological. Whether it be the discipline of gold, or the discipline of Alan Greenspan hiking interest rates when he sees a threat of inflation, it makes little difference. The markets react the same way. Regards, Ron

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