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

To: Robin Plunder who wrote (95990)7/31/2008 11:44:44 PM
From: benwood  Read Replies (1) | Respond to of 110194
 
I suspect the worst thing we ever greedily agreed to was to have the US dollar become the world's reserve currency, for then we could run up debts with impunity. Wasn't that about the same time as we dropped the gold standard?

I now see our reserve status as the world giving us lots of rope, and we are hanging ourselves with it.



To: Robin Plunder who wrote (95990)8/1/2008 10:10:55 AM
From: bart13  Respond to of 110194
 

Most people could not be bothered to think about the role of gold in protecting our rights, and when the crisis deepens, do you think they will call for gold as currency, or call for more govt spending?


Sadly, I think the latter is more likely. Assuming we do get some kind of world currency (like Robert Mundell's Intor) in the long run, there will be some gold backing to it though.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News