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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (16011)	6/3/2014 8:27:34 PM
From: isopatch	2 Recommendations Recommended By Davy Crockett roguedolphin Respond to of 33421

Saw that. Thanks for posting it. It's becoming increasingly clear to more and more thoughtful people that Central Banking is the hub of the wheel from which all the other problematic socio-economic trends originate and grow. The status quo has been quite good to them giving them more wealth and power as the secular socio-economic crisis grinds on. Reform isn't likely. The big multi-national banks and mega corporations own not only the two dominant political parties in the U.S. but in almost every other country. The also control the MSM and the military. The increasingly obvious use of police state tactics only reminds us of the historical truth that ruling elites don't voluntarily give up this kind of power and influence. What I think will bring it all down is a stair step collapse of these - now - extremely corrupt, dysfunctional, centralized institutions. The good news is nobody needs lift a finger to bring that about. They're literally destroying themselves. Nothing can stop that now, IMO. Iso

To: Davy Crockett who wrote (16011)	6/3/2014 11:22:48 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

*Link dollar to gold or face Great Depression II* Ok, this is stupid.. All philosophical arguments vis-a-vis gold-backed and Fiat aside, if the USD went back on the gold standard, it would result in a huge deflationary spiral.. Otherwise known as "Depression".. ;) Churchill did the very same thing after WWI, but keep the exchange value at pre-war parity... The result, huge deflation.. lachlan.bluehaze.com.au Again, not making any major statement about the efficacy of a gold backed currency.. just laying out the logic, and the history, that refutes such comments.. But there are those who DESIRE a very strong currency and asset deflation (except Gold).. So they are just talking their book.. Hawk