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

To: Mike M2 who wrote (3646)	2/22/1999 6:06:00 PM
From: Hawkmoon	Respond to of 81996

Gold and silver were gifts of God, and, short of the labor required to obtain them, were ours free. They didn't have to be returned to the source, much less with interest! Inflation, on the other hand, is borrowed into existence from a privileged clique who, by the very nature of the process, enslave those who use it. Such a corrupt system may only be possible in a corrupt society. If so, they deserve each other. Hey, if returning to the gold standard would eliminate taxation, I would be all for it... <VBG> But his comments about gold and silver being gifts of God certainly display the mentality I seem to find revolving around the "cult" of gold. By this standard diamonds and copper are also gifts of God. Oil certainly is a gift of God to those of us who enjoy driving.... :0) Fundamentally, IMO, the allure of gold is part of a greater folly of humanity. Mankind seems to think of gold in a pseudo-religious manner inconsistent with the teachings of Jesus Christ. After all, it was Jesus who insisted that his apostles take up a vow of poverty when they became followers of his teachings. IOW, the son of god didn't seem to have much respect for gold, preferring a currency of a spiritual kind. But thank you for article. And BTW, while I criticize the fervor gold receives, I also feel the same way about Fiat money. It is all an illusion. It is just that I believe basing a currency upon the economic fortitude of an economy represents better the spirit of the people creating that economic strength. This is certainly "touchy-feely" stuff, but I think it makes more sense. For a quick example, when Japan or another nation falter economically due to bad monetary policies, capital will flee to where it will receive the best return, usually the dollar, which is still perceived as easily convertible and liquid. For gold, the situation is different. Its gain represents the failure of the entire global financial system. And given that the dollar continues to climb while gold continues to fall or remain stagnant, market observations have to to pay attention to this trend. At least for the short-term. The Fiat system may fail, but I think that point is still well in the future, at least 9-12 months. Regards, Ron