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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (3593)1/18/2006 1:36:57 PM
From: Joe Btfsplk  Read Replies (1) | Respond to of 217942
 
Inflation today would serve the same political purpose today that it may have 80 years or more ago

"For it is my belief that princes and sovereign states, forever in abuse of their subject's confidence, will continue to debase their coinage." -- or something like that.

Written two and a third centuries back, after checking the value of money over the centuries. Nothing new under the sun.



To: Slagle who wrote (3593)1/19/2006 12:44:26 AM
From: TobagoJack  Respond to of 217942
 
hello slagle, <<Inflation today would serve the same political purpose today that it may have 80 years or more ago, by making lots of indebtedness easier to repay and I suppose would be a form of wealth redistribution>>

... substitute any number greater than 1 and less than 4,000, for the 80, and your paragraph would still work :0)

this is the beauty of the gold trade, the one trade above all trades :0)


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