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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.89+1.9%Jan 22 4:00 PM EST

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To: TobagoJack who wrote (154616)3/18/2020 3:08:12 AM
From: sense  Read Replies (1) of 219650
 
Laughably, today...

The resistance to using silver as money had its origins in the problem of inflation... because mining more silver made more money... and too many dollars being made = inflation... the opposite of the problem today ?
Silver as money... converted miners into producers of money... and they made too much ? LOL!!

Back then, we also had issues with imbalances driven by trade... and to insulate the domestic economy from the external problem: Trade Dollar

We just kept separate accounts for dollars inside and dollars outside the borders... and sent the surplus silver overseas to be used in fostering trade... and settling trade accounts without sucking money out of the country to do it...

The Fed... isn't a "domestic bank"... but pretends that it is ? So, the Fed isn't mandated to manage the problem of having too many people overseas who want to conduct business using dollars... the Fed mostly pretends to be unaware of it as an issue... not their job to control it... but to focus on dollar flows inside the borders, only, even with that making life difficult for us... as it raises the prices others must pay for our goods in foreign markets... limits our competitiveness... and our success and market share in trade ?

That they pretend to not understand the nature, source, drivers of the problem ? Hmmm. Nothing new in any of this... other than... using it in feigned ignorance as leverage to control... who ?

Today, of course, silver is presented as a risk because it "wouldn't allow" inflation... which is generated by "printing too much money"... and we desperately need to defend the ability to print enough out of thin air... that the lack of dollars doesn't cause a dollar shortage, or a liquidity shortage, starving the economy of its potential while providing it too few dollars to operate without $ being the constraint ?

But, if we're printing too much... why isn't there enough ?
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