PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Raymond Duray who wrote (271987)	7/9/2002 5:35:56 PM
From: goldworldnet	Read Replies (1) of 769670

As a professing goldbug, I have been skeptical of the market for years. You can go back 4 or 5 years on any gold thread and see that talk of a market meltdown was expected. I believe in a gold standard. Fiat money is just too flaky. By the same token, I don't care for exotic financial instruments either. Derivatives are a good example of this. Financial schemes usually turn out to be just that. Most people are too greedy and those in positions of power often take full advantage of it. Those not in power are often outsiders with inadequate information to make sound financial decisions. To make matters worse, a lot of people are just stupid as hell. However, it is almost impossible to protect anyone from themselves. I also do not approve of how 401Ks are designed to pump money directly into the stock market without other alternatives. As for the immediate future, safeguards will be implemented to protect the public. However, bubbles are always generations apart and safeguards now implemented will be relaxed in the distant future for a new generation that does not remember. * * *

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