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

Marghanita da Cruz marghanita at ramin.com.au
Mon Oct 20 15:56:43 EST 2008


Birch Jim wrote:
> 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.
> 
Possibly...

Clarke and Dawe continue to provide insightful analysis (in the long tradition
of the court jester) - their transcripts are here:
<http://www.abc.net.au/7.30/clarkedawe.htm>

Marghanita


> 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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-- 
Marghanita da Cruz
http://www.ramin.com.au
Phone: (+61)0414 869202



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