On 31 August 2012 21:31, eric pinto <[email protected]> wrote: > From what little I understand of the subject, it belongs to an age when > schooners at quayside exchanged merchandise for a bagfull of coins: no > gold, no deal. > It is simplistic to suggest that demoteing that ancient mode of exchange > accounts for the surge in international trade and todays era of much > prosperity, but > it was an important ingredient. Trade credits and exchange agreements, in > hand with > lowered tariffs ushered in the age of bulk carriers and super tankers. > Deficit financing, when controlled, is a useful government tool when > applied to > productive activity and job creation. Not so the Reagan-Bush fraud that > goes by the label > of 'trickle down' where mindless tax cuts were combined with massive > spending on > armaments: the rogues have now taken shelter under a new flag, bullion. > The West need not fear inflation, for now. With China consolidating, > the demand for > commodities has eased greatly, a good sign if I don't the drop in value of > my stocks. >
COMMENT: There isn't enough Gold in the World - the price would be stupendous and it would create incredible inflation, World trade would grind to a halt. -- DEV BOREM KORUM Gabe Menezes.
