Dear George, I think one of the strong reasons against asking the government to put the dollar back on a gold standard is the issue of price fixing. Fixing the price of gold is the same as having a gold standard.
The problem was much worse back in the day when the Congress decided (1792) to have the dollar be not only a specified weight of gold, but also a specified weight of silver, *and* a specified weight of copper. Tri-metallism and bi-metallism never work, because they represent infringement of free market pricing of the commodities with respect to each other. We don't need another government currency. We don't need the government to sit in committee and decide how to waste our money by designing some new type of money, Monopoly-money or otherwise. The free market is entirely competent to provide the world with all the money it needs - free market money. Now, as to the matter of having enough gold to back the money - the answer is very simple. For many years the central bankers have been wanting to throw out all the local currencies and establish a new global currency. The name used for this currency is "bancor." Sure, it could start out tied to gold, with some sort of gold cover clause. But, eventually, the plan will be to inflate it into oblivion. If Voltaire didn't say it, he should have: the minds of men will finally be free when the last banker has been strangled in the entrails of the last priest. Regards, Jim http://cambist.net/ --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
