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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (111958)	5/24/2010 11:04:50 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116555

If you read it again, it said any war would end quickly, it did not say there wouldn't be any wars. My point is that under a gold backed monetary system, the only way for a country to expand it's economy is to obtain more gold. And those who are not able to do so by beating rival economies in productivity (thereby transferring gold from consumer to manufacturer) will seek to take it by force. My primary problem with gold is that for human productivity to be realized economically, it forces the entire global population to compete for a limited supply of yellow metal. Also, I don't like the fact that national sovereignty winds up being subjugated to a global monetary (gold) system. A lot of people worry about "one-world government" and the fastest way to accomplish that is to have a global currency. Gold would fall into that category. Hawk