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It didn't take the Spanish economy 150 yrs. to shipwreck. It happened within a matter of decades after the New World treasures were found. And it wasn't because of lack of innovation but the effects on property values and commodities due to a vastly increased money supply.

Britain did not end up with the Spanish gold. In fact, by 1692 it was forced to charter the Bank of England to supply a money supply. It had no significant empire until decades later.

Foreigners do not control the fed. or the Bank of England or any other central bank. To maintain that they do is merely false and irrelevent.

You have some silly ideas. Are you unaware that any profit from the federal reserve operations are turned over to the U.S. Treasury?

Working in a mine is nasty, dangerous business and would be the hardest most unpleasant work 90% of the workforce ever performed.

And here is my final thought, you keep saying "investment" as to where I stress "insurance". It is clearly a difference in logic at work here. And that sir, is extremly important to understand. I have gold holdings that I know will never go to zero. What do you hold in your paper assets that can claim the same?

It didn't take the Spanish economy 150 yrs. to shipwreck. It happened within a matter of decades after the New World treasures were found.

Decades is all it takes for a society to die after they quit innovating. Look at us between the 50s and the 70s. We were going downhill in a hurry until Reagan.

And it wasn't because of lack of innovation but the effects on property values and commodities due to a vastly increased money supply.

Not according to dicostu's source. Inflation was only a fraction of a percent. There economy became a service economy, no need to export when you steal a nation's treasure.

Britain did not end up with the Spanish gold. In fact, by 1692 it was forced to charter the Bank of England to supply a money supply. It had no significant empire until decades later.

It takes a while to significantly lurch ahead of the times, decades sounds right.

Foreigners do not control the fed. or the Bank of England or any other central bank. To maintain that they do is merely false and irrelevent.

Nope they don't control it, but they get rich off it. I don't control the company I work for, but I make money off it.

You have some silly ideas. Are you unaware that any profit from the federal reserve operations are turned over to the U.S. Treasury?

I think it's silly to have Germans give us our money.

Working in a mine is nasty, dangerous business and would be the hardest most unpleasant work 90% of the workforce ever performed.

So is joining the Marines. That's why miners are a proud people, real men doing a real man's job.