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<p>[QUOTE=&quot;Clint, post: 1407451, member: 34620&quot;]One analogy I like is re: the Great Depression, the New Deal, and WWII.&nbsp; Wherein QE is analogous to the ND which actually extended and deepened the GD.&nbsp; Of course it&#039;s not that simple...and yet, what will be our WWII?&nbsp; Some people have said it will be some sort of cheap energy breakthrough, which I write about here: <a href="http://billofgrace.blogspot.com/2011/09/obama-shock.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://billofgrace.blogspot.com/2011/09/obama-shock.html" rel="nofollow">http://billofgrace.blogspot.com/2011/09/obama-shock.html</a>&nbsp; by comparing &quot;Nixon Shock&quot; to Obama, both pro (technology) and con (fiat).</p><p><br /></p><p>ETA: <a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow">A</a>nother analogy I like: the use of heroin to treat morphine addicts in the late-1800s and early 1900s...</p><p><br /></p><p>ETA: just read Gold Problem Revisited...wow!&nbsp; great info here: <a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow">http://www.goldstandardinstitute.net/</a></p><p><a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow"><br /></a></p><p><a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow">&quot;These ‘competent’ and ‘honorable’ gentlemen at the helm are complete ignoramuses when it comes to gold. They have no notion of the erosion of the gold basis and the irresistible march...&quot;</a></p><p><a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow"><br /></a></p><p><a href="http://www.goldstandardinstitute.net/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.goldstandardinstitute.net/" rel="nofollow"></a>[/QUOTE]</p><p><br /></p>

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