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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (89721)	5/3/2012 2:56:04 AM
From: Haim R. Branisteanu	3 Recommendations Read Replies (1) \| Respond to of 218645

TJ, there are several differences in the periods you mention. The Marshal plan in Europe was enacted >>>>But the authors also find that in the gold exchange standard years of 1948 to 1972 the world averaged annual per- capita growth of 2.8 percent, higher than the recent gold-free era. The gold exchange standard is a variant of the gold standard. That outcome doesn’t tell you we must go back to the gold exchange standard yesterday. But it does suggest that figuring out how the standard worked might prove a worthy, or at least not a ridiculous, endeavor.<<<< At that time US dollars where printed freely to finance the Marshal plan, but also substantial advances in mining where enacted which increased substantially the supply of gold. Secondly most of E. Europe was under USSR rule and plundered of their riches. I can attest that gold was hauled from Romanian mines to the USSR, I can only speculate same happen to the country gold reserves. The USSR sold plundered gold to purchess grains and other products from the Western World, so the gold supply increased dramaticly in the free world, and I suspect matching the printing of USD. E. European countries needed to PAY for their "liberation" by the Red Army and a hefty price at this with I presume very high interest rates, in addition to "voluntary" contribution to the success of USSR socialistic causes. All E. Europe where transformed in slave labor countries to support the USSR expansion and the living standards in E. Europe plunged dramatically which in turn helped military expansion and higher standard of living in W. Europe. (for years, in our household finding fresh meat to buy at the butcher was a day of celebration, not to mention other food staples or clothing etc. – travel to vacation was only for selected few and vacationing in a neighboring country only a dream that if enacted punishable with jail time and of course forget about owning a car even the smallest one during this period) Further in Asia China fell prey to the results of the Great March by Mao, destroying any wealth in its way. Therefore taking this period in isolation is wrong, and the prosperity in the Western World was to certain extent build on the devastation the USSR and Mao inflicted in E. Europe and Asia.