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

To: RJA_ who wrote (6088)	5/5/2006 2:20:24 PM
From: RJA_	Respond to of 217619

>> Governments will not easily or willingly give up their ability to print money... cause without it there is only 1. Earn it. 2. Borrow it. 3. Tax for it. There is always spend it -- but the spending will be limited to the gold backing... and what government wants spending limits? And the biggest kicker of all -- Borrow it will have to be paid back with gold, not printed paper. Makes borrow it a much trickier option.

To: RJA_ who wrote (6088)	5/5/2006 3:12:17 PM
From: energyplay	Respond to of 217619

Islamic dinar may have a minor future, but any major role will be brief. Oil is the #1 export of the Islamic world. Also #2, #3, #4 and #5. Most of world gold production is outside of Islamic control. And a large part is controlled by "Anglo-Saxon" countries - US, Canada, Australia, South Africa. So we might expect a certain amount of skullduggery to push down the price of oil, and/or yo-yo the price of gold. Of course, the big factor last time was the Saudis agreeing to ramp production to push the price of oil down...