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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: TobagoJack who wrote (29321)2/11/2008 12:23:54 PM
From: Maurice Winn  Read Replies (1) of 219217
 
Mainlining money and selling off the family silver are two traditional habits of the indigent, indulgent, spendthrift wastrel.

You have pointed out a good insight

A politician in the presence of a pile of unspent money has one outcome, especially when the politician is appointed by an electorate which gives Ron Paul a support level near the margin of error.

If they can get their hands on the gold, and they can, they will spend it.

As the gold standard fades from memory and a new era dawns, the number of people who have heard of the great depression, the Weimar republic, Argentina, Louis of Versailles will dwindle. Humans do not yet have such lessons of history built into their dna.

We are still mostly monkey and existence starts when our consciousness does. We have built in fear of monsters and snakes, cliffs and other natural hazards. But we don't have instinctive understanding of financial relativity theory. We learn a bit of history but don't really think that it applies to us.

Money is made round to go around, it's no use just sitting in the ground, get it out where it can do something useful. A few such simplistic politically inspirational ideas should do the trick. There has already been a bipartisan, reserve bank backed helicopter launch to spend their way out of trouble. It will be obvious that more of the same is needed.

Mqurice
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