To: zek157
Return to the gold standard would be one way to shrink the money supply by an draconian amount. I dont't think you would like the consequences of mass bankruptcies and caos.
RE; A systemic collapse would provide the best opportunity EVER to return to the gold standard.
REST ASSURED, THERE WILL BE A MASSIVE DEBT LIQUIDATION ANYWAY
12 posted on
10/07/2005 11:34:26 AM PDT by
thinking4me
(The Founding Fathers were right: sound money first)
To: thinking4me
Also, don't you think the debt markets are aware of this graph and all other current economic factors. But where are interest rates? Do they reflect fear of inflation? The debt markets are very efficient, they will tell you daily what very clever money managers are thinking about inflation.
For anyone interested, here is a chart of long-term treasury rates...you will notice that they have steadily declined over the last 5 years.
LT Treasury Rate Graph
15 posted on
10/07/2005 11:49:32 AM PDT by
Dark Skies
("...to them that love God, all things work together unto good..." Romans 8:28)
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