That is correct. But it would be incorrect to put the government in the role of helping and companies in the role of hurting. Companies move...
Under a gold standard that limits the ability of the Federal Government to create new money, they will NOT be able to go out and borrow whatever...
Obviously national survival will take priority over a gold standard, just as it did in previous wars so it is not a drawback at all. The amount...
I don't think convertability is feasible in practice [although i support it in theory]. But if the currency is fractionally asset-backed by law...
I never intended my post to be read as a comprehensive plan. It is just to point out that things can be done, and you pointed out a few ideas....
The debt is the money and the money is the debt. And all of it stands like an inverted pyramid with a relatively small amount of currency and...
I don't think the idea is to base the world economy on gold. I think it is to find a control mechanism to limit the issuance of currency and to...
There isn't any pain-free way out of the present situation. The trick is to never get into this sort of situation in the first place. But now...
I don't expect gold to be money again in my lifetime [although I believe it could work], but it could play a major role as a reserve behind...
I think it's a mistake to include unfunded entitlements. They aren't the same as debt because they can be eliminated by the stroke of a pen, and...
The government doesn't create jobs by spending since they either run up more debt or extract money from the private sector. The best they can do...
Of which year?
Then we'll have to disagree. The only value of gold or a gold standard is the control over the issuance of additional currency. And for this...
Thank you for what you wrote. I agree with what you said, but I don't work in the business or trade futures so I didn't do as well describing the...
If someone needs the silver to keep a factory running or needs the metal to cover other positions, they may not want the cash. The silver may not...
Annual gold production is only about 2% of gold stocks. If you back the dollar with gold but don't permit the withdrawl of gold, what other...
Gold doesn't have to circulate to have a gold-backed currency, and the amount of gold in hand isn't that important. All it takes is to begin...
The GDP number would be useless if it was calculated as it was in 1940.
The national debt as a percentage of GDP was higher at the end of World War II than it is now. So there is no doubt that there are things that...
I'm not a big fan of diversification when it comes to equity-type investments like stocks or PMs. What I have always done instead is invest a...
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