SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 112.58-1.5%Dec 15 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (36573)7/6/1999 8:02:00 AM
From: long-gone  Read Replies (1) of 116815
 
<<When people start calling for money to be tied to various commodities indexes, gold, silver, soy beans, oil... what have you, it is a subsidy.>>

Not necessarily, over the last several weeks the Government of Japan has intervened (outside market forces) to weaken the Yen. Currency trade with China is closed in such a way as to assure them a favorable exchange rate. There are many "fixed exchange rates" through-out the world.

All agricultural commodities are heavily subsidized in Europe and Japan.

Now, consider these for just one moment? If people are demanding a free market are they asking for a subsidy? If people are petitioning their government for protection from actions outside the free market process by foreign powers are they asking for a "support payment or only equal treatment inside the global economy?
Is assurance of a free market (in this global economy) to their own citizens with-in the purview of the powers which should be exercised by a government?

Do farmers from Iowa need to get their own shotguns and attack Denmark or Italy to prevent the import of subsidised hams from Europe to assure a free market in the US?

When does protection FROM subsidies to other commodity producers become a subsidy?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News