what did CAUSE the Great Depression?
the puffed up boom before it that ramped all assets to absurd pricing?
the leverage applied to such assets which was than used to buy less and pay more for such assets?
or the length of skirt in NYC?
or the gold standard (which, after all, is simply a standard, like hem length)?
meaning, had there not been a gold standard, there would have been a depression in all cases where a boom was puffed up, and unsupportable leverage applied, as the GDP is measured against gold, the natural standard, regardless of whether the standard is officially recognized or not
so, in many ways, last year was a depression, when the GDP is valued in terms of gold, and the stock market continued to collapse, ever since 2001, when measured against gold
the natural standard requires no official recognition, thus the natural standard
the standard works, as those who invested in gold did extraordinarily well against those who did not, in purchasing power and ability to fund new looting initiatives
the folks who were speculating against the natural standard, and achieved the flimsy nominal and horrendous real loss of the equity market are dying financially, they just do not realize it.
when they do, they would be shining shoes or working in walmarts, while the gold investors / savers lead fruitful and fulfilling lives.
do not believe me, just trend out the excel spreadsheet on the trend of the past so many years, the GDP, real income, inflation, gold price, equity return, and whatever else, then know that the equity index speculator is dying
and we are only getting started, not even warmed up |
