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<p>[QUOTE=&quot;InfleXion, post: 1315640, member: 29012&quot;]You are probably right that no central bank would agree to a metal standard, but it&#039;s just as probable that they would not agree to contracting the money supply or raising interest rates. So then why would the bull market ever end? Debt is growing exponentially, the money supply is growing exponetially, and growth levels are dependent upon this. They killed the productive economy with the game of favortism they&#039;re playing, so I don&#039;t see how it&#039;s supposed to get to a level that can support non-zero % interest rates. High interest rates were the driving force behind the recovery in the early 80&#039;s. The bond market is the biggest bubble besides derivatives. Foreign outflows out of bonds in the US and the Eurozone are at record levels, so the central banks are the only thing supporting it at this point. I don&#039;t see how that can be relied upon as a saving grace. I would contend that a central bank is not necessary for a gold standard, so it&#039;s not that it can&#039;t happen. It just won&#039;t happen on their watch. If and when we return to a Constitutional standard of money, which does not require central banking and never did, that&#039;s when I see this bull market being over.[/QUOTE]</p><p><br /></p>

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