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To: Earlie who wrote (55074)	1/6/2001 11:33:43 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 436258

There are two reasons why the world will NEVER go back to the gold standard: 1) Physical gold is heavy and large to move. This makes large banks vulnerable to governmental influence, since they can't shift assets around the globe instantly. (Armed troops can pretty easily "nationalize" a warehouse full of gold- but are ineffective against notational marks in a ledger) 2) Physical gold can be discovered anywhere, and could allow a small powerless country to suddenly jump onto the world stage. (assuming they arent instantly invaded) Just imagine if we're on the gold standard, and someone finds 2 billion metric tons of gold in Northern Canuckistan. Does Northern Canuckistan become the world's superpower? Hell no. So, forget about the gold standard. It ain't gonna happen. The only global monetary unit that can work is one that is based roughly on the "promises" of that country and its labor. 1 US dollar entitles anyone, anywhere in the world, to a certain amount of goods/services produced by the US population. Nothing more, nothing less. Quite simple really.