Richard,
Why do you continue to twist my words?
I was referring to currencies, not commodities.
And no I normally don't believe in extensive subsidization programs for commodities.
I don't agree with PIK (payment in kind) farm related susidies aimed at removing land from production, since for one.. it does not prevent the farmer from renting out his land to another farmer (at least it didn't used to). The idea was to prop up agricultural prices, as well as resusitating the land by letting it sit fallow for a year.
My experience, having grown in an agricultural community of 8,000 people is this program just didn't work as there were too many loopholes and too little enforcement.
The same goes for milk price supports. This has created an dairy industry where multi-thousand head dairies pump out milk FAR beyond demand, fulling knowing that gov't programs will buy up their excess and convert it to cheese or dry milk.
Quit looking for the agenda Richard, and spend more time reading what I'm actually saying.
Your support of the gold industry, producing a commodity far in excess of industrial demand, is subsidization.... clear and simple.
That makes those who propose re-inventing a role for gold as a currency in order to prop up its commodity status no better than many of these other pork barrel special interest groups trying to live off the gov't teat.
Regards,
Ron |
