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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (3598)	2/20/1999 11:37:00 PM
From: Ironyman	Read Replies (1) \| Respond to of 81824

Ron,,,One problem with your view....Gold has not naturally declined due to the lack of inflation....Gold would have found a natural price if the Central Banks had loaned it out at competitive rate. At last the fire sale is over and now we should see a over correction ....LOL

To: Hawkmoon who wrote (3598)	2/20/1999 11:48:00 PM
From: tshane	Read Replies (1) \| Respond to of 81824

Ron, you stated: "So now the powers that be, the CBs and finance ministers, intent on using the US economy and dollar as the mechanism of global recovery, now will be facing the possibility of having their strategy interfered with by those who think a shiny metal is more valuable than the economic, military, and economic strength of the most powerful nation on earth." With emotions on hold let me rephrase: So now the powers that be, the CBs and finance ministers having been seduced, advised, manipulated and intimidated by a small cabal of patronizing, egomaniacs who are so infatuated with their own cleverness and one-world vision that they have wreaked havoc on the monetary systems around the globe should be allowed to continue with their secretive backroom deals using the U.S. taxpayers' financial and military resources as they please to rearrange the world. and "Humans have been doing quite well placing value in Fiat money for some time now, and having an alternative gold oriented psychology inflicted upon them will not be uneventful" Humans having had fiat currency inflicted upon them for some time now so that a small group of people can, at their whim, change the monetary value of a massive number of people's assets (nice impersonal word for hard-working people's retirement funds, savings, houses and dreams for their children). You already are standing in the wings ready to blame the coming collapse of these dellusional fiat monetary "experts" on the people who are saying "bring the agreements about what is the medium of exchange back into the public market place where we can all participate in establishing the value." Needs to be something tangible and of limited supply so we can all keep count and not have our money stolen from us by a bunch of psychopaths with delusions of grandeur. Might as well be gold. Pretty good emotional restraint for someone who will be standing on the other side from you in the civil/ideological/economic/political/holy world war which is rapidly showing itself on this thread and throughout every sector of our society.<g> RAJ

To: Hawkmoon who wrote (3598)	2/21/1999 3:35:00 AM
From: paul ross	Read Replies (2) \| Respond to of 81824

>>>But replacing a currency fully backed by the US government and its people, a gov't I might add, that has NEVER (so far as I can find) canceled, devalued, or confiscated its paper currency as history shows so many European nations having done.>>> I'm a little confused, Ron. Using this Inflation Calculator here: jsc.nasa.gov (and scroll down) If you plug in 1997 in "From" slot and plug in 1971 in "To" slot (when Nixon fully abandoned the gold standard), you get a value of 25.2 cents. Wouldn't that be sort of a devaluation?