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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (90800)	9/8/2007 6:41:35 PM
From: E. Charters	Read Replies (1) of 312988

You can get A, after or during a war, but between 1929 and 1934 we saw B. When Roosevelt fixed the price of gold he did so as a method of wage and price control. In other words he wanted inflation without causing dollar collapse. Fixing the dollar to gold allowed the dollar to be as good as gold and gold not be able to buy too many dollars, as it had tended to. This in turn allowed the printing of dollars which seemed to keep their value. An enormous trade advantage for the US. The sleight of hand was he disallowed redemption of gold. A form of theft. Fiat without tears. No wonder he had a perpetual smile. He was part crocodile. EC<:-}

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