[LINK] We live in interesting times.... Or - is the gold standard really extinct.

Birch Jim Jim.Birch at dhhs.tas.gov.au
Mon Oct 20 14:02:33 EST 2008


Tom

I don't see how reverting to the gold standard would prevent greedy
people from gambling with other people's money.

Regulation might slow them down.

Jim
     

-----Original Message-----
<snip>

Or - Koltai truism, is it time that we return to the gold standard.
Conclusion - the gold standard (absolute) precludes computer designed
derivatives AND prevents banks from crashing - providing they have
issued safe keeping certificates ONLY for gold they hold in their safes.

Food for thought,
Tom Koltai


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