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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (6466)	6/16/1999 9:54:00 PM
From: Hawkmoon	Respond to of 81945

As the worthless paper fails the corrupt governments would follow. Then the process could begin anew. Just like all of that worthless paper failed back in 1929, despite the fact that it was backed by gold. Again, Richard. What is more important?? Working to benefit those who already have the cash so that their purchasing power grows as prices decline (Hard money), or working to make sure that the average Joe Sixpack has some expectation of being able to even bring home a weekly check (easy money). Are you wealthy enough to benefit from the depressionary consequences that derive from strictly following "hard money" policies?? I'm not. I'm still working building the family nest-egg (and I ain't gonna create it investing in gold right at this particular moment... :0) So call me selfish, but I would rather have the opportunity to stay employed than to preserve the wealth of somebody who has more money than they know what to do with. Money has to be put to "work" and invested. When it sits in cash or non-appreciating assets, it's an opportunity loss. Governments are corrupt whether under a gold standard or under Fiat. The key is to have the ability to move into other assets or to short the market, or to buy oil contracts, or to invest in defensive stocks like supermarkets and basic staples. Regards, Ron