It had to happen one day.
Daily I search through the economic news of the day, looking for those who talk about gold. Finally, a major power has spoken about the inclusion of gold to assist in providing discipline to the world financial markets. I thought it would have been China to first approach the idea, but it is Russia, and this is sure to not play well with the Americans. It does make sense for it to be Russia, as the article mentions they have untapped gold reserves and their own intelligence agency has publicly talked about the collapse of the United States because their currency is not anchored by gold.
You can read about it here.
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14 comments:
http://edition.cnn.com/2009/HEALTH/03/31/pistachio.caution.salmonella/
Aw, shit, I should have taken my pistachios to the lab. FUCK I am stupid.
You know what I am sure of? I'm sure the Russians HAD VERY HIGH INFLATION DURING THE 90s. REALLY, REALLY HIGH. Which leads me to believe that they dont know what they are talking about, because the American dollar is nowhere near the levels of inflation of Russia just after the collapse of the Soviet Union.
The free press is the result of a free market, and now you know you have the information to use as you wish.
The Russians of the 90s are not the Russians now. You understand that change occurs over time right?
If not, we could argue that no government has any clue what they're talking about in regard to monetary policy because every government has experienced high inflation at one time (I'd be very happy accepting this).
Anyhow...
If Russia was using a gold standard in the 90s you'd have an argument, but they weren't so shut the fuck up.
Are you not going to talk about copyrights anymore on my other post?
No, historically the free press is the result of limited revolution by certain classes. It WAS NOT THE RESULT OF A FREE MARKET>>> You have cart before the horse, Josh..
"The Russians of the 90s are not the Russians now. You understand that change occurs over time right?
If not, we could argue that no government has any clue what they're talking about in regard to monetary policy because every government has experienced high inflation at one time (I'd be very happy accepting this).
Anyhow..."
The point is that Western governments are nowhere near the Russians in inflation, nor intend to reach the levels the Russians reached in the 90s. Your fearmongering is therefore unfounded. And the Russians "experience" would therefore, and I'm sure Obama knows this, foolish to take too seriously.
.... no, YOU stfu.
Often countries who have experience high inflation know a lot about it.
Why do you think Germany is one of the few European countries voicing opposition to American style bailouts and stimulus?
They are doing it as a political ploy. The right doesn't want to help anyone else but the banks, so they use sophistical reasoning to attack it. The inflation in Nazi Germany was ridiculously high. It is NOT in any comparable to the current crisis.
"The right doesn't want to help anyone else but the banks, so they use sophistical reasoning to attack it."
The right? Are you retarded? Have you not been paying attention? Obama is a subject of the banks. He's giving them everything, and the government is getting no oversight. You're still blinded by your left vs. right mentality. Not that there isn't a left vs. right argument, but that is not the problem our society is facing today. Its the state vs. the people. Those in power are ignoring those from the left and right.
"The inflation in Nazi Germany was ridiculously high. It is NOT in any comparable to the current crisis."
Please read the article at the following link:
http://mises.org/story/3390
Let me sum up the article you posted: MISES WAS A FUCKING MORON.
Yep, I'm pretty sure that inflation is only a problem when the currency has been overprinted to such an extent that the amount of money out numbers a unit of value by MANY MANY TIMES> In short, until the Mises institute can show that the government has printed an amount of money comparable to that of Nazi Germany or Zimbabwe, or that the ratio of cash to each unit of value is comparable to the Great Depression era, I will not be reading Mises' fear-mongering, anti-unionist tripe.
Inflation, even a small amount, robs from people. I thought you understood this.
Anyway, do you support Bernie Sanders bill to audit the fed?
"Inflation, even a small amount, robs from people. I thought you understood this."
I think it is trivial, and hence am rejecting your purely principled stance.
"Anyway, do you support Bernie Sanders bill to audit the fed?""
Sorry, not interested in simplifying my position for you. :)
You can't comment on whether or not you support a particular bill?
Yep, I would prefer that you think for yourself on this point.
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