-
I would also like to know how a gold standard would stop fractional reserve banking. If you had gold and stored, say, 100 ounces at a bank, the bank can still take 90 ounces of that deposit and lend it out to others, thereby inflating the money supply. I would also like to know how taxes denominated in UD dollars is a problem. You don't have to
-
I think it's interesting to wonder whether this economic crisis we are in is the product of socialism or capitalism. Many capitalists (or libertarians) argue that the Community Reinvestment Act forced banks to give home loans to those who couldn't afford them. However, this would not be a problem under a capitalist system. If banks made these
-
Here's what it says at http://www.lewrockwell.com/north/north600.html "In the crack-up boom, gold serves as an insurance policy against a catastrophe. You can buy your way out of circumstances that bankrupt others. You preserve much of your lifestyle by selling off a widely sought-after asset: gold. But understand: this is not a way to get
-
[quote]When you invest in shares, and buy them in US dollars, you must realise that unless the shares rise in value by at least 5-8% per year, then you are going to make a loss due to inflation, please realise that CPI is an inaccurate measure. Gold, experiences a rise in demand of more than 5% per year, while supply rises at just 1%. As more people
-
I invest all my money in global stocks. Some of my friends say I should invest in gold, but I don't understand why. Shares in companies produce dividends and businesses are constantly trying to increase earnings. On the other hand, gold has value only because it is a convenient element. Gold does not produce earnings. I don't understand then