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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Hawkmoon who wrote (35835)	6/24/1999 4:55:00 PM
From: tshane	Read Replies (2) of 116770

<<The gold standard did not prevent the great depression or financial crisis throughout the 1800s and early 1900s. It actually, IMO, exacerbated them by restricting the options available for restoring economic confidence.>> You keep making this inane statement. For a man that purports to be so rational and logical you sure use a lot of non sequiturs. How about some remedial classes in logical thinking? The gold standard had nothing to do with the Great Depression other than how it was mismanaged by the gods of money management on whom you project so much power and divine wisdom. As they sequestered gold, Federal Reserve policy prevented some of the gold from becoming the basis for more money and instead they used it for reducing member banks debts. In essence this removed money from circulation during a time of bank failures and economic contraction. Geez, Ron, just maybe that contributed to the Great Depression as they did just the opposite of what they should have done. WARNING: Jim S, don't learn your monetary policy from Ron Reece or you'll just become part of the brain-washed masses who out of fear worship at the feet of and give all their power away to self-serving bureaucratic agencies. Agencies who see it as their job to manage your money, your children's education (indoctrination) and your health care in their divinely inspired vision of how things ought to be. These are the same socialist agencies, who pay Ron's salary so he can spend all day posting on the Internet, and who he wants to "manage the global economy". Ron can't even fathom that there are some of us out here who don't want the global economy managed nor all of our needs managed by some "educated" (again read "indoctrinated") elitists with Messiah complexes. These are the same agencies who take credit for all the success and none of the blame for what goes wrong in their mismanagement because they would have to admit how little they know and this would throw all of their sycophantic followers into a panic that mommy and daddy aren't really there for them. This kind of all-of-the-credit-none-of-the-blame mentality leads to irrational and illogical conclusions (non sequiturs) that the gold standard contributed to the great depression ergo the gold standard is bad ergo gold should be nothing but a commodity ergo people who see gold as a symbol of the freedom of the individual to control and manage his/her own life are all vermin who should be brought into the fold or annihilated. This same kind of thinking concludes our children are killing each other because we have guns, rather than seeing our children are just following the examples of the anti-social and immoral behavior being demonstrated daily by our leaders and the collective mentality.

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