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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (90671)	10/19/2009 1:45:50 PM
From: PJr	Respond to of 94695

... as if Congress recognizes the value of money. Pat

To: carranza2 who wrote (90671)	10/19/2009 2:55:33 PM
From: Real Man	Respond to of 94695

I agree, gold is barbaric relic, not money these days. Yet, every currency loses value against it over time. The key point deflationists fail to grasp, while doing a correct analysis of parallels with the Great Depression - the buck is no gold no more. The ongoing dollar creation and monetary policy decisions have a great influence over the marketplace, even though we are in a "Kondratieff winter", the deleveraging part of the long term credit cycle. Perhaps, this is because it's new. The last time we had a global crisis like this was 80 years ago, when the globe was still on gold standard. Select small countries saw the real horrors of currency crisis, when policy measure tend to drive countries broke. Oh, all this happened before ... mises.org