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To: bert
"America will have little say about returning to a gold standard. It is going to happen elsewhere and to be a player, America will finally revert."

LMAO! There isn't enough gold in the world for every nation to return to the "gold standard". How ridiculous, where do people come up with this stuff?

117 posted on 09/09/2009 10:35:44 AM PDT by Nathan Zachary
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To: Nathan Zachary

.......There isn’t enough gold in the world for every nation to return to the “gold standard”........

You are correct at the present value of things. But you are wrong if currencies are devalued lower than 0. There is of course plenty of gold to go round if the price rises by say a hundred fold. You must remember there is no basis now for the world economy except faith. Money as we know it is merely electronic blips on an electronic ledger.


122 posted on 09/09/2009 10:50:14 AM PDT by bert (K.E. N.P. +12 . fasl el-khital)
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