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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (38901)	6/6/2011 5:26:05 AM
From: Real Man	Respond to of 71475

Again, my statement does not relate to fine properties of gold as a currency, just that gold really does not have a place in the modern banking system, except as a reserve asset. That is not to say that the modern system is fair or just. Gold will always remain 5000 year old currency that can't be printed, and national currencies will forever be debased, sometimes very rapidly, unless the current system is changed. Keynesians debase currencies to get out of recessions. They rule the world of central banking. A screw-up is embedded in the system: when debt is very high at both private and government levels, instead of getting bad, things get very bad.