Hello Taurus
Thanks, yes it does shed some light on the subject, it seems the more I learn the less I understand how this all works.
If the rise in the price of gold would make it unrealistic to go back on the gold standard, is it possible for the powers that be to force the price of gold lower to a price that would be realistic.
In a recent post it was stated that the currency crisis in Asis would
have little effect on us here in Canada and the USA, if this is so
why would the USA and the IMF bother to bail out Indonesia, Thialand and other countries, and where does the billions of US
dollars come from, is it ever repaid and does it even matter if it is
ever repaid.
If there is no limit on the amount of paper money that is printed then
it seems to me that any debt incurred by any country is a non issue
just print some more money and pay debt.
When a country that has a currency crisis is bailed out by the USA
and the IMF is it done because were good folks over here or is there
some other reason like having a country agree to changes in their
banking systems that would make them more agreeable to us over
here, so in the future we can have better control over what they do.
Is there now some sort of precedent been set that any country
that has problems will be bailed out, so not to worry.
Question---when a country devalues their currency it makes the
products they produce cheaper for us to buy, however it makes our
products more expensive for them to buy and causes a trade imballance which we can't tolerate for to long, so we bail them out
with US dollars so they can again buy our products,seems like we
are buying back our own products and giving them away, I guess it
is obvious I really don't understand it , can some one explain.
Guess I'm losing it --lost it-- never had it.
If the gold standard won't work and our present system won't work
whats left , maybe trade turnips for gold ,trade gold for fire wood etc.
Thanks Lorne
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