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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: marek_wojna who wrote (93114)	2/1/2003 11:05:41 PM
From: E. Charters	Read Replies (1) \| Respond to of 116768

Just look at history. The past is prologue to the future. All the ideas are real simple. Do you trust greedy politicians with agendas and philosophies that know nothing about implementation? The Chinese Money history, John Law, the collapse of the fr. Economy. All are related to paper money. No society that ever relied on standards that were hard to reproduce like metals, ever had a major collapse of the economy with a couple of extreme examples as exceptions. Rome and Spain. When the size of the empire and control became political issues, and fast growth was required or there was a flood of materials then denaturization set in of coinage and shortages began. Spain relied on gold, but did not insert it in its standard of the real except as pieces of 8. The only industry it had was colonial. They failed to develop home industry to match. Gold ruined Spain's economy. The currency became denatured or debased by its availability, like paper. The US was flooded with gold in 1849. Because it has plentiful home industry it was safe, there were hiccups in its economy but it was sound. Much later during a paper and credit flood the chickens came home to roost. EC<:-}