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

To: kris b who wrote (50857)	1/22/2006 11:17:20 PM
From: shades	Read Replies (1) \| Respond to of 110194

Kris I really do try to keep an open mind - but the only way I see us going back on a gold standard is global thermal nuclear war to take us back to the conditions that made sense for a gold standard in the past. With visa, mastercard, the many many banks, ebay, paypal - etc etc - a gold standard just doesn't make sense to me in this world of digital money making transactions happen all over the internet. I think to even BEGIN to have a gold standard - the very first thing that will have to happen is the death of all the people that are the overlords of our global financial economy now - all the bankers, economists, politicos, wall street - etc etc on a global scale - for if you do wipe the banks away and push the reset key like general chen claims - but the same old people with the same old ideas are there to restart the system - you won't get much fundamental change. Do you REALLY believe that at some near point in the future - we will push a reset key - and all the key people all over the world - tens of thousands if not hundreds of thousands of economists, professors, bankers, financial accountants, wall street traders, national, state, local politcos, real estate agents, etc etc etc are going to accept a gold standard and just not rehash the same old institutions under a new paint job? No that is not going to happen - the gold standard is dead. CPI may take off - the common man may get pissed off when it does and have much gnashing of teeth - and he will vote him in some more politicos to make himself feel better and they will throw a couple people in jail - but he is not gonna get off his ass and he is not gonna turn off oprah and leave his wife to go to washington and add some REAL input. I posted a link about zimbabwe 2100% inflation - were the ladies mad there? Nope - they just chose to cut off thier hair instead of getting a monthly hairdo - they were not upset enough to go and make earth shattering changes to society. Will be no different in most places.