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To: Amark$p who wrote (100608)	8/10/2009 3:04:03 PM
From: maxncompany	3 Recommendations Read Replies (1) \| Respond to of 116555

Yeah, I've seen the suggestions of a bank holiday for this fall. As re what FDR did, didn't gold play a factor then that it wouldn't today?

To: Amark$p who wrote (100608)	8/10/2009 4:02:19 PM
From: The Vet	7 Recommendations Read Replies (3) \| Respond to of 116555

FDR had a standard, the gold standard, to devalue the US dollar against. No such standard exists today, so it is quite impossible to devalue the dollar a specific amount. The only real way that any country can devalue its currency is by relative dilution! Simply print or create more cash than the real productive capacity of the country can justify, and do it faster than everyone else. Because all fiat currencies are measured relative to each other in the modern world, every attempt by one country to devalue becomes a moving target as the other currencies simply replicate the same devaluation procedure. Manipulating prices of real money like gold and hard commodities can and is used to hide the effects of currency dilution, but ultimately everyone will come to realise that real value resides in energy, hard assets and goods and services that have real utility and real demand. With energy and labour everything else can be created without fiat entering into the equation at all; money was created as a convenience to facilitate barter and trade; it is not wealth! The right to create and manipulate money by a select few has become the means by which otherwise non-productive individuals and organisations can parasitise the rest of society who actually produce all of the real worth.