On 6/20/2011 3:44 PM, Howard Brazee wrote:

...
Historically, gold was accepted as a constant value item - until the
age of exploration changed this. Adjusting a currency to a single
commodity can be dangerous. Think of what would happen if we got
transmutation or some other way to cheaply increase the supply.

We kind of have that with backless currency as well - except the
powers are in more control - with different risks.


Actually, I am looking forward to them criminalizing forms of gold
exchange, selling, buying, possessing, etc.

Anything on the black market doubles in price the first day it becomes
illegal ... there is a steep upward climb, then a dip and a level off ...

If people didn't sell gold, I couldn't buy any ... already more gold has
been sold than has ever been produced in the whole wide world ... the
"paper gold" is really worthless, but you have to see people show up
with the papers and demand the gold (a type of "run on the bank"), and
then those with the gold (supposedly) default, go bankrupt, disappear, etc.

But, this could just all straighten itself out, an abundance of GOOD
PAYING jobs be created, everyone go back to work, have the trillions now
missing suddenly show up, etc. ... I mean it could happen! ROFLOL

Regards,
JS