Verarde
Pondering Wearing A Hat
erica's personality, and she's right there
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SamSniped
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Marco Polo-15
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Verarde
Pondering Wearing A Hat
hoplitejoe
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Verarde
Pondering Wearing A Hat
hoplitejoe
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Radio Noer
The Devourer
Gold's value comes primarily from its high demand and low supply. There
are many uses and applications for gold in the modern world and a
limited supply of it. Currencies pegged to or backed by gold will
remain stable provided these two economic realities remain true. Such
monetary systems are, however, at the mercy of the global gold market.
History teaches that, should demand for gold drop significantly or if
world-wide gold production suddenly increased, gold backed currencies
would immediately and irrevocably collapse. This is exactly the fate
suffered by the Spanish (and by extension European) economy during the
early era of New World Colonialism. As Spanish galleons hauled tons of
silver and gold across the Atlantic, the European precious metals
markets went into hyper-inflation. Dutch traders, then profoundly
concerned for the long term stability of the European continent, bought
and buried gold and silver en masse
in a desperate attempt to keep the entire European continent from
slipping into a depression, but their economic sacrifice was neither
large nor timely enough to save Spain herself, which suffered the brunt
of the economic consequences of her wealth. Even Spain's gold standard
could not save her economy from the massive influx of gold and silver
brought about by her exploitation of the Americas. Indeed, Spain still
suffers some of the consequences of that economic collapse today.
Continue reading at NowPublic.com: Debunking The Gold Standard: The Myth of Stability | NowPublic News Coverage http://www.nowpublic.com/debunking_gold_standard_myth_stability#ixzz24bsZ15ZV
are many uses and applications for gold in the modern world and a
limited supply of it. Currencies pegged to or backed by gold will
remain stable provided these two economic realities remain true. Such
monetary systems are, however, at the mercy of the global gold market.
History teaches that, should demand for gold drop significantly or if
world-wide gold production suddenly increased, gold backed currencies
would immediately and irrevocably collapse. This is exactly the fate
suffered by the Spanish (and by extension European) economy during the
early era of New World Colonialism. As Spanish galleons hauled tons of
silver and gold across the Atlantic, the European precious metals
markets went into hyper-inflation. Dutch traders, then profoundly
concerned for the long term stability of the European continent, bought
and buried gold and silver en masse
in a desperate attempt to keep the entire European continent from
slipping into a depression, but their economic sacrifice was neither
large nor timely enough to save Spain herself, which suffered the brunt
of the economic consequences of her wealth. Even Spain's gold standard
could not save her economy from the massive influx of gold and silver
brought about by her exploitation of the Americas. Indeed, Spain still
suffers some of the consequences of that economic collapse today.
Continue reading at NowPublic.com: Debunking The Gold Standard: The Myth of Stability | NowPublic News Coverage http://www.nowpublic.com/debunking_gold_standard_myth_stability#ixzz24bsZ15ZV
hoplitejoe
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Mango Elephant
Deity
uh2qTnHdaH0
SamSniped
DJ Goodboye
hoplitejoe
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Jewel Runner
Cut to a birds eye view of their home and we see everyone rushing to take a seat in the couch. They look at each other, they smile, the Itchy and Scratchy music plays, and it cuts to credits.
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