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

To: RJA_ who wrote (99561)	11/9/2008 8:15:40 PM
From: bart13	Read Replies (1) \| Respond to of 110194

You caught me altering my post after I read another of yours, and it answered too quickly. <g> Here's the new & improved answer. this is my point...the gold standard does not fail due to loss of currency value...it "fails" because govt wants to spend beyond it means... The actual fact is that it has failed every time, and government spending is just one of the reasons. Until those problems are resolved, it will continue to fail... and the reasons it fails are quite similar to the reasons that fiat standards fail.