10-10-2021, 07:54 PM
(10-10-2021, 02:17 PM)Kenzo Wrote:(10-08-2021, 02:46 AM)ABNARTY Wrote: Good stuff. Thanks for posting.
Like the author, I find that level of economics confusing. I would like to see a graph (if it is even possible) of world economic metrics through history with the ebb and flow of central bank influence/authority.
Yeeh charts/ graph would help to understand this better . And where`s all the gold ?
There was some conspiracy theory that World trade towers had huge gold vault , and that just before 9/11 they stealed the gold .....but it`s propably just a theory
I've also heard that Fort Knox - which was set up as a repository for US gold reserves - is actually empty, although still guarded as if it were full. Really, I don't think unpegging the dollar from gold backing would affect the economy very much, except that then gold prices could be manipulated more easily, which would affect the value of printed money because more dollars-yen-shekels-euros-what have you would be needed to buy an equivalent amount of gold. THAT would tend to devalue all currencies across the board even though they were no longer pegged to gold as backing.
Come to think of it, that unpegging is what would MAKE gold prices more easily manipulated, as governments would no longer set that value, markets would... and markets are run by speculators adept at monetary manipulation... so, yeah, bad idea economically I reckon.
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Diogenes was eating bread and lentils for supper. He was seen by the philosopher Aristippus, who lived comfortably by flattering the king.
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’