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Strategies & Market Trends : John Pitera's Market Laboratory

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Davy Crockett

Hawkmoon

To: Hawkmoon who wrote (16013)	6/4/2014 12:09:43 AM
From: gold$10k	2 Recommendations Read Replies (1) of 33421

<< 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..>> James Rickards contends that Churchill's only mistake was going back to the pre-WWI price of gold which was too low and therefore constrained the money supply, which was indeed deflationary.

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