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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (40753)	11/23/2012 8:54:34 PM
From: Wayners	Read Replies (2) \| Respond to of 219397

I appreciate all that info. I was educated in Paul Samuelson's economics book. Reading this college economics book 20 years later is a laugh that at the time I thought was gospel. It really is a left wing collectivism treatise. In the book on pg. 611 he says, "There is nothing sacred about gold. Silver, platinum, lead, or, for that matter, paper napkins would do--provided they had convenience for exchange, couild not be falsified, and were enough limited in supply to keep the price level from soaring." He then claims, " Actually, the old gold standard prevailed in its heydey only for a brief half-century prior to 1914." Yep. That's right he IGNORED 5000 years of history that is recorded. Many sections of the book are anti-Gold and Silver and pro Fiat currency. He lauds the IMF Special Drawing Rights on pg. 613. He attacks hoarders as a major reason for the demise of Gold. Excuse me Samuelson but if Gold shouldn't be hoarded why does the HOARDING depository of Gold at Ft. Knox even exist?