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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: JMK1 who wrote (23445)2/13/2005 8:26:44 AM
From: Tommaso  Read Replies (1) of 116555
 
>>>as I have sated a number of time, gold as a currency will create most probably a state of constant inflation, or stagnation of world economies, or both, rather than the desired discipline.<<<

That's an extraordinarily ignorant and misguided statement. The return to the gold standard in the United States following the Civil War, which took decades to retire the "greenbacks," produced an era of constant deflation, and eventually the Great Depression.

I have been reading Zeev Hed's pronouncements for years. The best thing that can be said for them is that they are definite. He also, however, seems to have a short memory for all those (about 50%, or a random chance) that have turned out to be incorrect.
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