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<p>[QUOTE=&quot;kaparthy, post: 90547, member: 57463&quot;]Dude, you have been fighting long and hard for the obvious.&nbsp;&nbsp; :headbang:&nbsp; You cite facts and other people come back with quips.&nbsp; You cite facts in context and other people cite facts out of context.&nbsp; </p><p><br /></p><p>Ludwig von Mises pointed out that socialists and capitalists usually agree on the facts.&nbsp; The price of this was at that level in this place at that time.&nbsp; The disagreements come from the theoretical frameworks that <u>explain</u> the facts.&nbsp; Most people do not even have theoretical frameworks.</p><p><br /></p><p>We know that socialism does not work.&nbsp; Yet, we maintain public schools and then we wonder why people are ignorant.&nbsp; Public schools are to education what collective farms are to argiculture.&nbsp; People who teach themselves are smarter for the same reasons that farmers who tend their own land are better able to produce surplus.&nbsp; </p><p><br /></p><p>(And, yes, &quot;teaching yourself&quot; -- at least for me -- does include going to school. It is a matter of who is in control of the process.&nbsp; As an instructor myself, I have a different view of the matter when I am enrolled as a student.)</p><p><br /></p><p>The world definitely has a gold standard.&nbsp; You are on it.&nbsp; I am on it.&nbsp; That the government in Washington DC is not on it is not much different than the fact that some other person is not.&nbsp; When the central banks dumped gold in 1995, <u>someone</u> bought it -- by definition, or there would have been no price at all.&nbsp; Americans (and others) buy coins.&nbsp; Other people buy jewelry.&nbsp; In fact the greatest fraction of gold goes into jewelry, which people in many places use for both adornment and for savings.&nbsp; You cannot separate the one market from the other.&nbsp; </p><p><br /></p><p>China and India now allow their citizens to (legally) own gold.&nbsp; Like Mexico, the USA, and all of the other socialist states, the governments of China and India can inflate their currencies, but the people will not care as much because they have gold savings.&nbsp; But even Switzerland plays that game.&nbsp; </p><p><br /></p><p>The important thing is to see the governments of the world -- like the corporations of the world -- as artificial and eternal indivduals, in no way above, beyond, or beneath the laws of economics, just as with the laws of physics.</p><p><br /></p><p>Anyway, thanks for holding down the fort!&nbsp;&nbsp; :high5:[/QUOTE]</p><p><br /></p>

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