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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.23+2.3%Dec 22 4:00 PM EST

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To: carranza2 who wrote (77526)8/10/2011 8:20:38 PM
From: TobagoJack  Read Replies (1) of 218672
 
circa august 7 2002, what i read that day Message 17845730

where the maestro uttered ...

"A possible further side benefit of the existence of gold notes is that they could set a standard in terms of prices and interest rates that could put additional political pressure on the administration and Congress to move expeditiously toward non-inflationary policies. Gold notes could be a case of reversing Gresham's Law. Good money would drive out bad.



Those who advocate a return to a GOLD STANDARD should be aware that returning our monetary system to gold convertibility is no mere technical, financial restructuring. It is a basic change in our economic processes. However, considering where the policies of the last 50 years have eventually led us, perhaps there are lessons to be learned from our more distant GOLD STANDARD past."

THEY are not done wasting the old bad money, and so they shall not allow the ushering in of the good new money. Between the two monies, invariably per history, there must be the AS GOOD AS GOLD STANDARD interim money to bridge the darkest interregnum.
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