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

To: ahhaha who wrote (34700)	5/31/1999 11:01:00 AM
From: The Barracuda™	Read Replies (1) \| Respond to of 116767

Where did the Govt. get the money? The money they spent didn't exist, that is why there was inflation. If the war expenditures were from redirected funds, the net effect on inflation would be zero. An example of this is the 1970's oil shock. The only reason that a drop in other goods did not offset a sharp rise in oil prices was that the fed was printing money that allowed this to take place. This is exactly what happened in the civil war, except the treasury was responsible. With respect to the Gould Corner. Why did they choose to "manipulate" the gold price up as opposed to down? What did Gould see? Did Gould see that the treasury had engaged in a massive inflation? When you look at the current dollar/gold cross rate, do you see the same thing now? There is no such thing as a free lunch, the creation of the fed is an attempt to get one; it won't work.