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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (16011)6/3/2014 11:22:48 PM
From: Hawkmoon  Read Replies (1) of 33421
 
Link dollar to gold or face Great Depression II
Ok, this is stupid..

All philosophical arguments vis-a-vis gold-backed and Fiat aside, if the USD went back on the gold standard, it would result in a huge deflationary spiral.. Otherwise known as "Depression".. ;)

Churchill did the very same thing after WWI, but keep the exchange value at pre-war parity... The result, huge deflation..

lachlan.bluehaze.com.au

Again, not making any major statement about the efficacy of a gold backed currency.. just laying out the logic, and the history, that refutes such comments..

But there are those who DESIRE a very strong currency and asset deflation (except Gold).. So they are just talking their book..

Hawk
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