Comments on: A Complete Loss of Faith in all Official Currency http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: John http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7370 John Wed, 13 Feb 2008 16:40:36 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7370 Well, the way I look at it is: 1) Fed inflates the economy in the early 20th century 2) Fed suddenly tightens up, causing a depression 3) Fed blames the "gold hoarders" for the depression. 4) Congress bans gold ownership. The question is, can they pull this off again? I honestly doubt it. Well, the way I look at it is:

1) Fed inflates the economy in the early 20th century
2) Fed suddenly tightens up, causing a depression
3) Fed blames the "gold hoarders" for the depression.
4) Congress bans gold ownership.

The question is, can they pull this off again? I honestly doubt it.

]]> By: christina http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7347 christina Wed, 13 Feb 2008 14:27:18 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7347 In this case, I think its good to hoard an even mixture of everything then. Plan A and plann B and plan C etc. Heck- they can't ban everything. Can they :-0 In this case, I think its good to hoard an even mixture of everything then. Plan A and plann B and plan C etc. Heck- they can't ban everything. Can they :-0

]]> By: James Bond http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7324 James Bond Wed, 13 Feb 2008 11:14:03 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7324 John The rest of the world and the USA are liable to pull off the same thing because they all operate and organize themselves almost identically (eg financial system, political system). John

The rest of the world and the USA are liable to pull off the same thing because they all operate and organize themselves almost identically (eg financial system, political system).

]]> By: James Bond http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7322 James Bond Wed, 13 Feb 2008 11:04:35 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7322 Christina They can do the same with silver, platinum and palladium or anything they want. Obviously. The problem is entirely systemic and the system is global. Christina

They can do the same with silver, platinum and palladium or anything they want. Obviously. The problem is entirely systemic and the system is global.

]]> By: John http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7163 John Tue, 12 Feb 2008 17:54:14 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7163 Sure the US might pull off something stupid like that, but the rest of the world won't. I'm talking about global trade happening in gold ETFs as money. Why not? Sure the US might pull off something stupid like that, but the rest of the world won't. I'm talking about global trade happening in gold ETFs as money. Why not?

]]> By: christina http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7124 christina Tue, 12 Feb 2008 14:40:37 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7124 Be smart then- hoard silver too! So if they make the same rule as they did in America during the last great depression, that no citizen can have gold, (and there was a jail fine of you got caught with it), but now if you had've had a plan B and stashed some silver away as well, then you wouldn't have starved right? Be smart then- hoard silver too! So if they make the same rule as they did in America during the last great depression, that no citizen can have gold, (and there was a jail fine of you got caught with it), but now if you had've had a plan B and stashed some silver away as well, then you wouldn't have starved right?

]]> By: James Bond http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-7019 James Bond Tue, 12 Feb 2008 02:46:26 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-7019 John Nah they'll probably just make it illegal to hoard any more than a nominal amount of gold just like during the great depression. John

Nah they'll probably just make it illegal to hoard any more than a nominal amount of gold just like during the great depression.

]]> By: John http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-6957 John Mon, 11 Feb 2008 18:35:58 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-6957 Maybe if Ben Bernanke's predecessors hadn't instigated a bubble during the 1910s and 1920s, there wouldn't have been a Great Depression. I wouldn't be surprised if people started using shares of gold ETFs as a currency sometime in the next 20 years. Maybe if Ben Bernanke's predecessors hadn't instigated a bubble during the 1910s and 1920s, there wouldn't have been a Great Depression.

I wouldn't be surprised if people started using shares of gold ETFs as a currency sometime in the next 20 years.

]]> By: Coffee Addict http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/comment-page-1/#comment-6566 Coffee Addict Mon, 04 Feb 2008 06:11:10 +0000 http://www.dailyreckoning.com.au/loss-of-faith-in-currency/2008/02/04/#comment-6566 We could return to the days of the Rum Corps! We could return to the days of the Rum Corps!

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