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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (62116)	6/11/1999 2:24:00 PM
From: Freedom Fighter	Respond to of 132070

Mike, >>What better way to maintain confidence in fiat money than to attack the alternative ( gold) which has stood the test of time?<< That is the one reason I do not dismiss the possibility of a central bank/government agenda when it comes to gold. There is a clear cut vested interest on their part in not being on any kind of system that keeps money printing in check. No one gets thrown out of office for a little inflation. I never saw anyone's name on an inflation bill that held them accountable. Also, very few people (even very bright and educated ones) understand the monetary process even reasonably well. However, lots of politicians get thrown out of office for cutting spending, raising taxes, or because the economy is too weak. You can just sort of suspect that the gold price is managed considering that they have the means via sales, lending, and official announcements to do what is in their own best interest for a long time. A good alternative to paper is in the public's best interest, but most people don't get it or don't believe it. Wayne