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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.30+3.6%Jan 12 4:00 PM EST
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To: Investor-ex! who wrote (39355)8/21/1999 5:09:00 AM
From: d:oug  Read Replies (2) of 116854
 
Investor-ex, I'am wondering about all those things Ron Reece
has posted about a gold standard hindering a nations money
supply, so I wonder under the condition that gold really is
taken out of the picture with all Central Banks in all the
world unloading all its physical gold bars and then let it be
traded like any other commodity. So now under what conditions
does a nation increase its money supply I wonder. Can there
be a condition that no new money is printed to increase the
amount in circulation, or a condition that money is destroyed
to lessen the amount in circulation.

Can a over simply and unrealistic example be used, for example
there is only one land mass on the Earth as a single nation.
Start with 1/2 of the people have jobs and a house and growth
is needed to take the economy to a point where everyone has
a job and a house. What about the point where everyone has
everthing possible to buy and only needs food to buy, seems
like the economy will have decreased to a low level of growth
and new money creation not needed, and maybe its reduction
is needed, as a law is passed that says people cannot work
more than 20 hours a week as that gives them enough money to
pay all living expenses.

doug
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