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

To: forceOfHabit who wrote (102895)	4/29/2009 2:08:51 PM
From: benwood	Read Replies (1) \| Respond to of 110194

You know what they say, you can't get something for nothing. I believe that whatever scheme is used to uncork "sacred gold" can and will be counterfeited. Gold cannot. Aye, there's the rub as I see it. Any half baked scheme to back our currency with anything that isn't real and tangible will draw attention to the desperation and invited a collapse of our currency, which is what I said in an earlier comment. One cannot both suppress the value of gold and back one's currency by gold. Smoke and mirrors simply will not fool the rest of the planet. What we have though is the 'sacred gold' by agreement, as you suggested, except it's an invisible ounce (or fraction) held by all FCBs supporting their own confidence game. Anyway, it would be interesting to say the least if they try to create a new confidence game to cover up the failed current confidence game. Fool me once, etc., would be in play.