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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (23303)7/1/2005 3:01:23 PM
From: The Wharf  Read Replies (1) of 81057
 
Searle I agree with you I know the only thing we attempt to control is assure constant prosperity and paper adapts to that very well. Yet in that control there is utterly no correction of any meaning so you have constant inflation which is fine providing you do not have a large older populous.
I don't entirely agree about gold because there is a cost number one to retrieve it and one associated with production.
It is not limitless and it isn't paper so you have some sort of control of how many dollars you have on the market. A nation control now is only the statements of need of so many dollars from the Banks and that is what the FED fills and adds more to if it is deemed necessary. So banks in their way can control National currency and Banks are out to make a profit. It means diddle poop unless a government finds their are at risk due to too many profit first practises.

Right now there is a question of laws and how to adjust laws as to what is going on in the Mortgage industry. It it very tricky as you can over adjust and under adjust and of course the results are profitable for some and reek havoc on others. I feel is is almost impossible to have the same type of paper manipulation if paper was regulated.

I don't know how to put it into words but it rather like the C dollar going up and the cost of that to world trade of Canada it increases price of Canadian products on an artificial base. That doesnt mean too much however you have spec on the dollar and an increase demand for dollars that is inflationary.

We do not have that problem to the same extent as other nations as we import products so we are not product oriented Gold is a commodity so used as base currency it adapts still as it is a commodity. Paper is a far cry from lumber.

I understand the whys Searle I just don't think inflation can be controlled when risk is sold as profit base and risk cannot be controlled when currency is almost given away.
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