Dutch Central Bank Sale Announcement Imminent? Message Board

STOCKTALK

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.

Politics : Dutch Central Bank Sale Announcement Imminent?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Vet who wrote (20789)	4/26/2004 2:54:22 PM
From: sea_urchin	Read Replies (1) of 80943

> You then build on that false premise by suggesting that a gold standard requires the monetary unit to be fixed to a certain quantity of gold I don't recall saying that. I said, "They want the value of the currency to be fixed against an external measure eg gold." No fixed amount was mentioned only that a measure, external to the money itself, should be used. > The standard would work much better and would still work today if each national currency was convertible to gold and if that convertibility was flexible. Maybe it would work, to measure with a piece of elastic, but then what would be the point of it? Simply to see what the true rate of inflation was? That's the last thing they want. And, in fact, they don't need it. They can print all they want, and more, and there will never be inflation simply because there's no way to measure it accurately. Further, and as you well know, they just have to keep a damper on the gold price and and that's another way to show there's no inflation. And then they create a bit of deflation --- foreign manufacture, local unemployment --- and that also keeps prices down.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next