Why governments hate gold

derryb

From Da Man

Wolf359

He is "Da Man"!

Good summary of what's going on. The only question is how long we have until the monetary system collapses.

Bear

I heard that the Treasury was placing starch

in our money ,to stiffen our currency.

gsa1fan

<< <i>I heard that the Treasury was placing starch

in our money ,to stiffen our currency. >>



Good one!

mrearlygold

He is absolutely "Da Man".

EagleEye

Time and again it has been proven that the Keynesian system of big government and fiat paper money are abject failures in the long run. However, the nature of government is to ignore reality when there is an avenue that allows growth in power and control. Thus, most politicians and economists will ignore the long-term damage of Keynesianism in the early stage of a bubble when there is the illusion of prosperity, suggesting that the basic laws of economics had been repealed. In fact, one way to tell if a bubble is about to burst is if economists start talking about how the government and the Central Bank have repealed the business cycle.

And he's a Republican? This sounds like the 1999-2008 housing bubble. If rising housing prices didn't scare anyone, then why think that playing economic historian will do anything. I know, Mr. Paul was the lone voice in the din of Government politics, but this seems like a history lesson, not a future prognostication. At least not until the next bubble - Maybe it will be a fish bubble, when we have to import all our shrimp and fish because all of ours is dead.

If you think about what he said in his first sentence - "Time and Time again..." It is only when a fiat currency is mismanaged that it will lose faith in the public and then hyper-inflation ensued. Is our Federal Reserve mismanaging the currency? I can't tell from their actions, but the T-bill are still selling, so I guess the smart money thinks the US is OK. Perhaps if the gulf oil spill makes the entire gulf a dead-zone, the US might collapse and become a basket case economy, or at least Louisiana will.


Actually I think our Govenrment likes gold. They sell all that stuff at www.usmint.gov

derryb

derryb

<< <i>Actually I think our Govenrment likes gold. They sell all that stuff at www.usmint.gov >>


Maybe they just like having first hand records of who is hoarding.

Justacommeman

The founding fathers had it right. Ron Paul has it right. MJ

fishcooker

Plenty of fish in the Gulf last weekend... at least where I was at.

EagleEye

The founding fathers had it right.

Jefferson believed America should be an agrarian nation - to follow his dream, we should all tend farms. Not saying that is bad, just a little too utoptian, as Ron Paul is sometimes.