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 : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (207154)	11/28/2002 10:44:13 AM
From: Tommaso	Read Replies (4) \| Respond to of 436258

I was thinking the same thing. But it is true that governments do resort to fiat money to prosecute wars; both sides did so in the U. S. Civil War. But one might as well argue that the gold standard CAUSES wars, since wars break out when countries are on the gold standard. Because it did not have such a dramatic effect inside the United States when FDR changed the gold price from $20 to $35, we do no often reflect that for am American outside the US at that moment, anything to be bought with dollars instantly went up 75% in price. George Santayana, who was living on income derived from the United States, commented ("philosophically" one might say) that he has always lived on half of his income anyway, so it didn't make that much difference to him. Have you seen Haim's comments on the Swissie? He thinks the Swiss economy is essentially stagnant and that the country just thrives on hot money, and that the Euro is a much better bet as a dollar-collapse hedge.