Don’t blame the Depression on the gold standard – but don’t expect it back either

City A.M. ^ | Feb. 28, 2012 | George Selgin

[Toddsterpatriot]

prices will fall.

Including the price of labor.

That concept encourages savings and investment, and discourages borrowing

And hurts everyone who already borrowed.

That’s why the bankers HATE it!

It's true, bankers don't like it when your collateral, your house for example, declines in value every year, year after year. Of course you probably wouldn't like that either.

[SunkenCiv]

http://www.galmarley.com/framesets/fs_commodity_essentials_faqs.htm

Gold : prices, facts, figures & research

Commodity Numbers FAQs

How much gold is there?

In the world there are currently somewhere between 120,000 and 140,000 tonnes of gold ‘above ground’. To visualise this imagine a single solid gold cube with edges of about 19 metres (about three metres short of the length of a tennis court). That’s all that has ever been produced.

Divided amongst the population of the world there are about 23 grams per person, about 1.2 cubic centimetres each. This equates to about $250 - $350 worth per person on Earth, depending on the current price.

[SunkenCiv]

[SunkenCiv]

Thanks 1rudeboy. It was the best of imaginary times, it was the worst of imaginary times.

[the scotsman]

http://www.youtube.com/watch?v=LS37SNYjg8w

[SunkenCiv]

g its image as the party always seemingly "eager to go to war... We do need to expand the party and grow the party and that does mean that we don't always all agree on every issue" ... the party needs to become more welcoming to individuals who disagree with basic Republican doctrine on emotional social issues such as gay marriage... "We're going to have to be a little hands off on some of these issues ... and get people into the party," Paul said. [Rand Paul: Time for GOP to soften [immigration, gay marriage] stance]

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• One day after announcing on his radio show that he is "truly considering" running in 2014 for the U.S. Senate seat now held by New Jersey's Frank Lautenberg, Rivera amped up his message today in a television interview and a column on the Fox News Latino website... a moderate Republican who is fiscally conservative but also supports gay marriage and Roe v. Wade... [Geraldo Rivera declares himself a 'moderate Republican' as he eyes U.S. Senate run]

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