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To: goldworldnet who wrote (69589)5/20/2001 12:11:07 PM
From: marek_wojna  Read Replies (1) | Respond to of 116836
 
<<Why isn't there something between the two extremes?>>

Josh, cannot be. Not even one generation lived their lifespan without gold standard. As the baby boomers age is harder and harder to be creative in economy. And the whole economy is about nothing more than creation of the system where people desire the things created by other people and willing to work hard for them. It is the only time the paper can prosper not backed by gold, but by produced goods.
According to National Post in last month US citizens spend record amount of money on jewelry which was one of the factors of new highs in deficit. Does it mean anything to you?

Marek