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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 476.10+2.5%Jan 27 4:00 PM EST
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To: Metacomet who wrote (109349)12/30/2014 7:58:20 AM
From: elmatador  Read Replies (3) of 219832
 
Whatever thermometer you use to gauge temperature, Mercury or an electric probe, whatever standard Celsius K or F, water boils always at the same temperature.

You are trying to persuade us that we must use a Mercury thermometer and F standard else water boils at a temperature you don't know which.

Which means: our currency your problem.
Connally famously told a group of European finance ministers worried about the export of American inflation that the dollar "is our currency, but your problem

...soon the a basket of commodities, which oil has a high weight in it, will emerge as a more realistic gauge of value and all the worlds people and countries, seeing that they have been abused by the evil dollar standard, will readily start buying and selling, whatever they buy and sell in any currency with the lowest cost of transaction, fully backed and guaranteed by the a basket of commodities, which oil has a high weight in it
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