Quote:
Originally Posted by LaRondo
Nobody can claim to understand anything completely. Einstein tought us that already. There is no return, only a new begining. I don't think there is enough Gold to weigh up to the amount of money out there. Else, use your own intelligence to answer the rest of your question.
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Right! The world economy and money supply needed to grow faster than the gold supply could. That is the core reason the gold standard has been abandoned world wide.
Everything the Fed has been doing is inflationary so where is this inflation you
worry about? Home prices are still down. Imagine what home prices would be
is the prime rate was high and the money supply contracted.