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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (38996)	11/8/2007 2:04:06 PM
From: pogohere	Respond to of 39344

The "free trade" believers who brought you the depression of the 1930's are at it again. Having unwound so many of the reforms put in place following the depression to keep it from happening again, these free trade believers will want a government bail out for the good of the system. A system they will have tanked again under their "free trade" regime. The whole notion that the monetary system is something that should belong to some private group is heart of the problem. I think the public should control the monetary system. If that makes me a socialist in your eyes, so be it. I note that in no instance have you or anyone else making the claims you do provide any data or case studies that refute the success of paper money in such instances as colonial Pennsylvania, the Greenbacks of the Civil War era or the German experience of the 1930s. The only assertion put forward is that in these instances these paper currencies were not redeemable for specie (gold/silver). But that begs the question, doesn't it? The issue is whether the economy and trade prospered under the monetary regimes cited. To assert merely that they were not redeemable for specie assumes a priori what has yet to be demonstrated: that prosperity and economic growth depend on using specie/commodities as money. This amounts to a religious belief, not a scientific analysis of the actual facts.