Tuesday, February 1, 2011

#99 gold std only true law of economics

#99 gold std only true law of economics

You can run and hide but you can’t escape the gold standard.

You can manipulate and censor but it always emerges, exposing the weaknesses in and proclaiming the strengths of all currencies.

It is the only true law of economics.

The more each country has the better it looks for each country but being honest about how much currency it has is most important for each country - I'd rather deal with a country with one ounce of gold that says it must devalue its currency to optimize economic performance and then devalues its currency to a trillion pieces of paper per ounce of gold, then a country with all the rest of the gold that says it doesn't have to devalue at all and then does so anyway from 1 piece of paper per ounce of gold to 1 plus 1 trillioneth pieces of paper per ounce of gold.

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