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

To: Snowshoe who wrote (97100)	12/12/2012 9:19:44 AM
From: cmg	Respond to of 217603

That would lead the fed down the road to a PM standard.

To: Snowshoe who wrote (97100)	12/12/2012 11:20:12 AM
From: Maurice Winn	2 Recommendations Respond to of 217603

To make a couple of platinum coins at $1 trillion each would be something like a 20% dilution of existing US$ [I forget how much actual money is on issue but it's about $10 trillion]. NZ in the 1970s did that sort of inflation. They'll have to do that every year. It will end badly. Halving their wastrel spending would be better. That would be easy to do. It would make the number of unemployed much higher too, so inflation of the consumer price index would be slowed. Companies in China would open factories in USA to take advantage of the cheap labourers. Shipping costs would go down. But that if government pay rates were halved, not many people, if any, would leave. They are on such a cushy number that it would still be too good to quit. It might not create a big surplus of potential employees. TJ would be very happy to see $1 trillion coins. Maybe they would be gold rather than platinum. Meanwhile, with a couple of weeks to go, gold is right there on the sooth of $1,727. Producing gold coins at $1 trillion a pop would not in itself make that the price of gold, but it certainly would show the direction things are going. Mqurice