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Losing confidence of policy makers is the consequence of monetary policy in United States. They use loose monetary policy to flood the credit market. Without the back of gold, US dollar is just a piece of paper under the future Federal tax income. However, when the Federal credit is over-drawn, the big bubble will burst. That's why all the nations with same monetary policy suffer in this wave of financial crisis and why gold price keeps rising. During the recession, people become unemployed and show their fists to those policy makers.
Actually, I have another idea of currency base: sunshine. Gold is a kind of metal without and value according to human works. However, all the values are created by the sunshine, the source of energy. Also we have a certain quality of sunshine every day and based on which we issue currencies. This is just my bullshi tting. Brick me.
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