The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robin Plunder who wrote (99542)	11/9/2008 6:54:41 PM
From: Hawkmoon	Read Replies (2) of 110194

so far you have not fleshed out examples in which a gold standard has failed... Prime example.. The civil war when Lincoln realized that only the issuance of "Greenbacks" would provide the necessary financial resources necessary to wage that war. Second example.. England and World War I: en.wikipedia.org And then Churchill finally agreed to return England to the pre-war priced gold standard in 1925, which led to a deflationary spiral that culminated with the 1929 crash: As had happened after previous major wars, the UK was returned to the gold standard in 1925, by a somewhat reluctant Winston Churchill. Although a higher gold price and significant inflation had followed the wartime suspension, Churchill followed tradition by resuming conversion payments at the pre-war gold price. For five years prior to 1925 the gold price was managed downward to the pre-war level, causing deflation throughout those countries of the British Empire and Commonwealth using the Pound Sterling. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next