Re: Jim Willie
in response to
by
posted on
Oct 17, 2008 06:19AM
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I also don't think it's all that realistic to expect a return to a gold standard until we have seen the complete collapse of either the Euro or the Dollar. The central bankers mostly agree that going off the gold standard was a key to ending the depression. You can't flood a system with money if you're on the gold standard.
It would take extraordinary circumstances for such to happen. Next thing you're going to tell me is a black man is going to become president of the United States or that Ford and GM are on the verge of bankruptsy! Heresay, I say... Heresay!