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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: ahhaha who wrote (34678)	5/30/1999 4:30:00 PM
From: The Barracuda™	Read Replies (1) of 116768

When the US was formed, the US Constitution said, "congress shall regulate the value of money." I think this was a mistake, because it introduced price fixing into the money markets. The US never has had a free market in money; it has always been managed by the gov't. The Gould gold corner occurred because of gov't's imprudent policies. The crash of 1907 was just another manifestation of this. The creation of the Fed only compounded the error. Instead of de nationalizing the country's money, the gov't decided even more controls were needed. The gov't, as usual, blames private industry for problems that it created. The Fed should not exist. Money is created by individuals and should be controlled by individuals.

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