Thursday, May 12, 2011

#171 on floating gold std, US needs variable one

#171 on floating gold std, world needs variable one

Since we're stuck on the gold and silver standard there are only 4 choices:

* fixed as in the past (e.g. from 1933 to 1971 in the U.S.).
* floating (e.g. since 1971 in the US).
* variable w confiscation (e.g. in 1933 in the US).
* variable w/o confiscation (which has never been tried? someone correct me if I'm wrong).

After the crazies are removed from the market place, I would like to see the world on a variable-w/o standard.

Everyone would be taught the importance of gold and silver and would know the current prices of gold and silver, for whatever ends up being the reserve currency.

No more hiding and/or lying about prices and no more manipulating the market place to support and protect the lying and hiding.

Prices can only be changed and done so OPENLY, democratically and internationally ONLY when inflation-adjusted NET domestic-or-world output increases or decreases too much or too little.

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