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I'd argue FOA didn't foresee the rise of a neo Keynesian ideology which has changed everything.
cc @FOFOA999
" I for one, have never heard any official voice his stance that we will move back into a gold standard. Their (Euroland) direction has always been to keep a reserve>
cc @FOFOA999
" I for one, have never heard any official voice his stance that we will move back into a gold standard. Their (Euroland) direction has always been to keep a reserve>
currency system and strengthen it with a free physical gold market trading in the background.
In none of our meetings have we heard where a fear was expressed that the governments will lose control of digital currencies and give it (that control) back to gold. >
In none of our meetings have we heard where a fear was expressed that the governments will lose control of digital currencies and give it (that control) back to gold. >
That is simply not going to happen, no matter how severe a down turn the loss of the American dollar system creates. Believe it.
Me: Well we had 2008 and then the Fed did TARP & QE 1,2,3 and now 4.
Then the ECB, BOE & SNB did the same. The govts have lost all control.
Me: Well we had 2008 and then the Fed did TARP & QE 1,2,3 and now 4.
Then the ECB, BOE & SNB did the same. The govts have lost all control.
