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To: teevee who wrote (65813)	3/15/2001 10:48:53 AM
From: clochard	Read Replies (1) \| Respond to of 116984

"getting off the gold standard has allowed central banks to increase and manage the money supply-this has created the opportunity for an absolutely unprecedented 30 years of economic expansion and higher standard of living. As I said-long live the commoditization of gold. " I guess 10 years of recession in Japan and 5 in the rest of Asia, as well as a probable economic meltdown in America are a small price to pay for this "higher standard". All this manipulation will be paid back IMO.

To: teevee who wrote (65813)	3/15/2001 11:07:37 AM
From: Horgad	Respond to of 116984

"...has allowed central banks to increase and manage the money supply-this has created the opportunity for an absolutely unprecedented 30 years of economic expansion and higher standard of living." LOL You have been watching too much TV.

To: teevee who wrote (65813)	3/15/2001 11:23:35 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 116984

Teevee, I don't read this temporary move off the gold standard as the best thing to happen in this so-called new era. And the US will be the first country to pay for this. You have a strange set of values if you think that living standards are the best ever when you you consider that: - savings of Americans have never been this low - individual and corporate debts have exploded - US broad money stock have expanded at abusive rate creating the largest bubble in US history - US equities and now in a bear market with still another 50% to lose from present levels - Foreigners are now flooded with US dollars and will soon start to unload. When you live on borrowed money, on day or another you must pay the price.