Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Book Nook -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (132)	3/30/2001 5:35:19 PM
From: Ilaine	Respond to of 443

>>Just to be perfectly clear, are you saying that the difficulty of daily operations of the gold standard were the primary reason it was dropped?<< Just to be perfectly clear, I just started looking at this a few weeks ago. If I continue with it, as I am thinking I may, I will be going back to original sources or primary sources. Using the Federal Reserve as an example, I would say an original source is the actual record generated by the person responsible for generating it, typed or handwritten. A primary source would be a contemporary document which makes reference to the original source. That may be my own definition, but that's the way I define it. I used to study Louisiana history a long time ago, and learned that the further you get away from original sources the more limited you are by subjective interpretation. As we say in law, "the document speaks for itself." To the extent that I have observed anything, it is that central banks competed with each other to attract gold reserves by raising the interest rates they were willing to pay depositors, in order to be able to increased the money supply. When gold was attracted out of one country into another, it caused financial difficulties in the country that had depleted gold reserves, which had a detrimental effect on business.