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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (48110)	12/24/2005 3:34:28 PM
From: sciAticA errAticA	Respond to of 110194

re: other examples of gold during deflation in fiat regime? The answer, contrary to your preference, is the first great US depression --- ... as the rise to primacy of the Federal Reserve in, I believe, 1911 rendered the United State's gold-backed standard a fig leaf and farce... In the 1920s, the Fed had little trouble running amok with excess credit and money creation, giving birth to USD#1. ========== re: Look at how gold priced in yen has performed during their deflation. In my view, to compare a financial snapshot of Japan at the beginning, and during, its (10+ year) deflationary stage: Japan's personal savings... Japan's trade surplus... Japan's national budget surplus (personal savings offsetting government debt Japan's accumulation of assets with the US today is ..... surreal --- an utter distortion It's the example of gold during Japan's deflation that is the exception - due to Japan's financial strength (at the time its bubble burst) -- and currency/gold distortions from the the great '90s "King Dollar" play by the US.