SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (23442)10/3/2007 1:17:33 AM
From: Snowshoe  Respond to of 217808
 
>>We now have a large segment of the economy and a number of voters strongly for low interest rates and inflation. Might be considered similar to the advocacy of the free coinage of silver in the late 1890s.<<

Good analogy. For reference see...

Bimetallism
en.wikipedia.org

Bimetallism and "Free Silver" were demanded by William Jennings Bryan who took over leadership of the Democratic Party in 1896, as well as the Populist and Silver Republican Parties. The Republican Party nominated William McKinley on a platform supporting the gold standard which was favored by financial interests in the East Coast.

<snip>

Since the 1960s historians and economists have explored the bimetallism symbolism in The Wizard of Oz. The original 1900 book centers on a yellow brick road (gold), traversed by magical silver slippers (the 1939 movie changed them to ruby slippers), as Dorothy leads a political coalition of farmers (Scarecrow), workers (Tin Woodman) and politicians (Cowardly Lion) to petition the President (Wizard) in the capital city of Oz (the abbreviation for ounce, a common unit of measure for precious metal). The real enemy of the little people (Munchkins) is the giant corporation or Trust (Wicked Witch of the West), whom Dorothy dissolves, just as the progressives of the era tried to dissolve the corporate trusts.



A Republican satire on Bryan's "Cross of Gold" speech.



McKinley stands triumphant on the gold standard after reelection in 1900



To: energyplay who wrote (23442)10/3/2007 3:25:38 PM
From: Slagle  Read Replies (1) | Respond to of 217808
 
Energyplay,
Free Silver might have been a good thing and it would surely have been a better course to follow than the one that led to the creation of the Federal Reserve and the income tax.

On the housing bubble I think it is part of a long running project of the men behind the curtain and that most likely we will be in a better position to understand their ultimate purpose a few years hence. I have my ideas as to what it is about but need a few more pieces of the puzzle to know for sure.
Slagle