Friday, September 19, 2008

Darn Shame

3 Comments:

Blogger Tomás Estrada-Palma said...

Sadly most Americans think short selling and not the over printing the dollar is causing stocks to tumble. But stocks are over priced above their actual value because of inflation and short sellers are the vehicle to return stocks to the real value. And return to their real value they will soon after the election with an enormous crash. But this economy is so bad that even the fed's manipulation might not stop an October surprise the Republican & Democrat bankster backed politicos aren't going to like.

7:34 PM  
Blogger Angel Garzón said...

Good article T, and you're right to indicate that Russia and China have their own agendas or interests at heart, you must know that it was Great Britain that delivered the death knell to the old gold standard, the UK forced Nixon's hand at a time when his administration was trying to resolve the Democratic Party's Viet-Nam quagmire, an issue (communist expansionism) that should have been confronted but in an intelligent and wise fashion, instead of the stubborn and idiotic way that LBJ and McNamara prescribed and followed in Viet-Nam.

4:46 PM  
Anonymous Anonymous said...

Mr. Garzon, are you saying that it was Nixon and not Wilson that changed the currency standard?

2:15 PM  

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