Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (69790)	6/26/2008 10:40:01 AM
From: RJA_	Read Replies (1) of 74559

>>If fiat currencies go bust, then of course gold goes sky high compared with them, which is not really TJ's case so much as an obvious outcome of such events. That I think, is TJ's case. He often refers to Fiat Money Inflation In France which is all about currency destruction by printing -- it is the core subject of that work, and all the machinations, manipulation, and misery that accompanied that particular period of French inflation. Essentially all about the serial destruction of two French currencies. In recent history the use of currency manipulation for social ends was used by FDR to fight the depression... and the gold exchange standard was removed to make that possible. We are now suffering the delayed effects.

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