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

To: bart13 who wrote (99558)	11/9/2008 8:05:53 PM
From: RJA_	Read Replies (1) \| Respond to of 110194

>>I believe you're completely missing my point. Could be, has been known to happen <g!>... care to re state your point?

To: bart13 who wrote (99558)	11/9/2008 8:06:12 PM
From: Robin Plunder	Respond to of 110194

"I believe you're completely missing my point." explain.... Robin

To: bart13 who wrote (99558)	11/10/2008 2:30:36 AM
From: benwood	6 Recommendations Read Replies (2) \| Respond to of 110194

The gold standard will always fail, for even in Ben Franklin's time, it was known that taxation via fiat keeps one in one's elected office. Taxation via taxation does not. So the gold standard will fail simply because of the fiat option. When fiat option fails horribly, gold standard can be revived. But given enough time, the logic of the gold standard will be forgotten and the compelling lure of inflation via fiat will return. The success of fiat is when the inflation rate is low enough that people still believe they are getting something for nothing from campaign promises. Hence, the Federal Reserve become 'inflation fighters' as a promise to fight 'too much' inflation, which is defined as that which causes the masses to realize that they are being screwed. Now, however, the masses are being screwed in so many directions -- job exports, corporate bailouts, perpetual wars, entitlements with no visible means of support -- that the Fed might as well light an inflation bonfire since people's opinion of gov't can't really get much lower. And there's always fox news, cnbc, cramer, bill gross etc. to convince the masses that it's all for their own good.