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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Robin Plunder who wrote (99542)	11/9/2008 5:36:11 PM
From: bart13	Read Replies (4) of 110194

We don't have a gold standard now and haven't had one since 1933 or 1971. It failed, by definition - its no longer around. Lots of other examples exist, like Rome. My point is not that a partial or full gold standard doesn't have many good things going for it, its that the problem is not with the standard but rather with how its controlled and manipulated due to vested interests and less than ethical people and power/control freak type people etc. The difference between now and thousands of years of history are the population & productivity mismatch issues that have already been noted. Do you deny that population and productivity are growing faster and can grow much faster than gold available for monetary system backing? What happens when, not if gold can be created in volume, ala "alchemy"? I just saw an announcement today for example that body parts can now be regrown: canada.com

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