Well, Z, seems we have a great deal in common. Your erudite writing and flow of conscious thought into paper so seamlessly indicates you are very highly educated, possibly even lettered perhaps, as the ubiquitous they say.
It was an continues to be a pleasure to read your posts.
The "amen corner" of the old USA southern gospel traditon was loudly resounding in my mind's ear as it were, as I read the many points you made in your post, esp. as it relates to Gold Standard.
That thought piece of Wm Pfaff earlier posted on this thread by Alex was a gooder. We do not have the stomach for the Gold Standard in this nation or anywhere else globally, public policy adherence wise. I heartily agree!
Nothing so logical would ever be given more than lipservice. However, the golden "exercise" currently being undertaken to birth the new EMU is fascinating to observe, yes?
However, I'd like for you to elucidate further your position regarding doing something instead of leaving to rot, the S&L crises up here?
I don't see that the engineered bailout addressed the root of the problem, but rather badly bandaged the fatal dual "flaws," in true Shakespearean definition of A) fractional banking B) unENDing streaming crescendo of our flatulent fiat.
Will be fascinating to read your response.
More later,
O/49r |
