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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (25685)8/10/2007 11:18:25 AM
From: Jamey  Read Replies (1) of 81108
 
Yes, I read about all the security boxes at the banks being sealed by Roosevelt but today, considering gold's small capitalization versus our humongous deficit I doubt that it would be a drop in the bucket. Today, esp. with the internet gold trades on a world basis and gold owners have a stump with which to raise holy hell should they try something like that. It's possible, but not probable, imo.

If you have time to read the entire article, it is surprising that items in demand were soap, shoes, clothing and esp. food. Groups of labor orgs marched into the farms and dug up vegetables, leaving the poor farmers practically destitute. Many people in Germany were one step from starvation and using the reischmark to burn for fuel, since wood was more expensive than the money.

I doubt we will see those extremes but I do see run away inflation. Since 1913 the dollar's worth is $0.04. Politicians screw people by actually making them believe that lowering taxes is a good thing. They get you through inflation all the while. Since gold and silver is unreported, who knows what kind of government we will have after 2010.

No government can ever be trusted with money unbacked by gold. They will inflate until they burn the store down. That is evident to me.

Jim
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