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J pold · 03-01-2011, 01:36 PM

I love this gold standard reinsurance of late. Yes there are a handful of politicians (Ron Paul) and academics who believe going back to the gold standard would be a helpful thing but the other 99% of the world knows that such an assertion is beyond ridiculous. It was the old gold standard that made the 1930's go from recession to great depression. The moment major countries abandoned the gold standard was the moment that recovery began. And there where people back than that said going off the gold standard would result in a global financial collapse.

03-01-2011, 01:36 PM	#110
J pold Franchise Player Join Date: May 2004 Exp:	I love this gold standard reinsurance of late. Yes there are a handful of politicians (Ron Paul) and academics who believe going back to the gold standard would be a helpful thing but the other 99% of the world knows that such an assertion is beyond ridiculous. It was the old gold standard that made the 1930's go from recession to great depression. The moment major countries abandoned the gold standard was the moment that recovery began. And there where people back than that said going off the gold standard would result in a global financial collapse.