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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (13796)	3/4/2004 4:21:03 PM
From: dvdw©	Read Replies (2) \| Respond to of 206795

Chip thanks for the Fed Speech. I subtracted the following parqagraphs and in a moment I'll add some reasoning to this issue which speaks directly to restoring equalibrium to the field; From the speech "If declines in the money supply induced by adherence to the gold standard were a principal reason for economic depression, then countries leaving gold earlier should have been able to avoid the worst of the Depression and begin an earlier process of recovery. The evidence strongly supports this implication. For example, Great Britain and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which stubbornly remained on gold. As Friedman and Schwartz noted in their book, countries such as China--which used a silver standard rather than a gold standard--avoided the Depression almost entirely. The finding that the time at which a country left the gold standard is the key determinant of the severity of its depression and the timing of its recovery has been shown to hold for literally dozens of countries, including developing countries. This intriguing result not only provides additional evidence for the importance of monetary factors in the Depression, it also explains why the timing of recovery from the Depression differed across countries. The finding that leaving the gold standard was the key to recovery from the Great Depression was certainly confirmed by the U.S. experience. One of the first actions of President Roosevelt was to eliminate the constraint on U.S. monetary policy created by the gold standard, first by allowing the dollar to float and then by resetting its value at a significantly lower level." Now, here is a link to a post from another thread that points to How the present day problem can be dealt with; contrary to most this Obscure thinking has more merit than any I've seen from the Gold or Monetarist camps.... I remain committed to this idea as Technology allows us to expand the supply of gold by fractionalizing it .....to meet an unlimited supply of dollars....equalibrium can be achieved by moving Gold up in price and fractionalizing it using new technology marrying it to the application of a gold backed dollar. Dont shoot too fast, ideas have consequences and this one takes some time. Message 19867554 Now here is the link to an article that explains the technology;http://www.siliconinvestor.com/readmsg.aspx?msgid=19774932