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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (26964)	1/25/1999 1:43:00 AM
From: ali	Read Replies (1) \| Respond to of 116764

Ron, < But uh.. Ali.. correct me if I'm wrong now, but my 'ol school teachers used to talk about how the Nazi's surrendered or something and were occupied by those nasty Russians and upstart American (with a few other allies thrown in for good measure). And I think the majority of their gold reserves were confiscated by the Allies as war reparations.> Ron ,I would like to correct you.First of all you know nothing how micro economics works when a political system breaks down and every one depends on his own survival skills of which I was speaking of.Also I did not speak of Germany's government gold of which I had no clue about in those days.I do know that gold and articles of gold from German citizens where never confiscated, nor do I know of any attempt by the German government of the day to get it out of the hands of its citizens.Yes, gold was taken from Jewish people,which was criminal and despicable.Most Jews from Germany had left by the time the war broke out.The massacre of the Jews happened mostly to Jews from the rest of Europe occupied by German troops.You implied that that only Jews had gold in Germany.Maybe you should learn your history at the source, instead of distorted propaganda of the American press. The German Mark was fiat money, a system you are so fond of in the name of progress.If it would have been based on a Gold standard maybe world war 2 could have never happened.Yes, fiat money breaks down when governments break down.But there is also the breakdown which happens very slowly over more than than one period of government and happens all the time and any where.It is called inflation and is just as lethal for the people as the fast destruction of a currency.Maybe you had never had to go through the suffering of losing everything overnight and no way out; you might change your attitude and your opinion a little bit.As I said before:Theories in the financial system are just that; theories.You can take all the economists,central bankers and whatever you call them and when there is a financial mess they always will blame the corrupt politician for it and the 'greedy populace'. P.S.Does the name Schacht mean anything to you?