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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (103952)	2/12/2009 8:32:26 AM
From: Bread Upon The Water	Read Replies (3) \| Respond to of 542009

In a "worst case" scenario, failed stimulus bill, unbalanced budgets into the foreseeable future, broke entitlement programs, global depression, failed currencies across the globe, many think there would be a tremendous run on gold. People would turn to those things that hold value. In that case, it is not beyond imagination that governments would move against the hoarding/use of gold in some fashion (as it creates unofficial currencies) (plus they would probably want it for themselves). How effective these measures would be---who knows. Probably depends on the degree of the crisis and the willingness to "get tough". It is not that long ago (WWII) that the nation experienced government imposed price controls (on rent, food, gasoline) and ration coupons for food items (meat, butter) which created black markets for these items. So I personally don't think it is that far of a stretch to see some type of U.S. Government financial intervention in an economic crisis. (For a current example look at Argentina which essentially has confiscated their equivalent of 401(k)'s.)