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2009-10-17 Caribbean-Latin America

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Posted by tipper 2009-10-17 02:02|| || Front Page|| [9 views ] Top

#1 Anyone seen the 'Sucker' conversion rate yet?'

Posted by Besoeker in Duitsland 2009-10-17 09:41|| 2009-10-17 09:41|| Front Page Top

#2 It is strange no country has gone back on the gold standard. Come to think of it, knowing the history of the gold standard, not so strange. Never mind.

Posted by Anguper Hupomosing9418 2009-10-17 09:46|| 2009-10-17 09:46|| Front Page Top

#3 Gold is great at keeping governments from inflation, but terrible in dealing with deflation.

Remember money is, at it's heart, just a proxy for the time exchanged in the economy.

Posted by Bright Pebbles 2009-10-17 11:24|| 2009-10-17 11:24|| Front Page Top

#4 BP, nothing can stop a determined government---when gold was the standard, they used to adulterate it.

Posted by g(r)omgoru 2009-10-17 11:30|| 2009-10-17 11:30|| Front Page Top

#5 Yeah, every time I drive by a house which used to have an obama sign.

Agreed Pebbles; can't eat gold or silver or zimbucks (well maybe, give it a year). It is an affirmation/promise of productivity and barter.

Gold (and other rare metals and stones) made for a common currency because they could not be faked. To wear gold et al was not only a sign of status, but was a way to keep a 'money' on a person, like a debit card. I'd bet that in a drought or famine, grain and water traded better than gold and diamonds - it is all about worth at the time, and just a common language for barter.

Posted by swksvolFF 2009-10-17 12:35|| 2009-10-17 12:35|| Front Page Top

#6 Then Argon should be used instead of gold and WTF is with the FED and Income Taxes I carry around a copy of the US Constituion (and and an Essex) and read and preach about it ~~obssevialy~~ ~~incessantly~~ lots. I get only deh stares. My simple proposal of putting a tarrif on imported slaves is going unheard in the highest courts of the land. I demand redress!

/thar you go Google.

Posted by .5MT 2009-10-17 12:44|| 2009-10-17 12:44|| Front Page Top

#7 I'd bet that in a drought or famine, grain and water traded better than gold and diamonds ..

Throw in a long and hard winter, late planting or a missed season in Canada and/or the American wheat belt, and you'll see what grain will trade for.

Posted by Procopius2k 2009-10-17 13:46|| 2009-10-17 13:46|| Front Page Top

#8 They tried a racket like this many years ago, by creating a heavily alloyed internationalist South American gold coin. I actually have one of the things floating around somewhere.

The trouble is that leftists seem to have a learning disability when it comes to economics, among other things.

Something not mentioned in this story is that Honduras, under Zelaya, backed this new currency, but because the Hondurans are now shunned, will they still adopt it as their new currency? I would not think so.

Posted by Anonymoose 2009-10-17 16:53|| 2009-10-17 16:53|| Front Page Top

#9 It's kind of ironic (and very sad) that Ecuador, which used to have a currency called the "Sucre" adopted the US Dollar in 2000 to put a stop to runaway inflation. There must be something in the soil of Latin America - the people there CANNOT understand economics - or freedom, for that matter.

Posted by Old Patriot">Old Patriot 2009-10-17 19:20|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2009-10-17 19:20|| Front Page Top

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