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  1. asianobserve

    Economics: Why are mainstream views different from reality?

    Euro? Oh you're a funny man. :pound:
  2. asianobserve

    Economics: Why are mainstream views different from reality?

    Really? Then why is India and BRICS agitating for an alternative currency to the US Dollar? Why not just revert to the Gold standard since Hindustan has been the "Golden Bird" of yesteryears...? :thumb:
  3. asianobserve

    Economics: Why are mainstream views different from reality?

    Gold now is at all-time high. Notice how the price spiked up in the last decade. Has there been severe shortage of gold in this period? Warren Buffett Warns Against Gold Bubble http://www.benzinga.com/markets/bonds/12/02/2375506/warren-buffett-warns-against-gold-bubble
  4. asianobserve

    Economics: Why are mainstream views different from reality?

    Do you have to ask me that? That's a stupid question that I don't have to answer. Who in his right mind likes the stupid hyper inflation in Zimbabwe...? Dude? No central banker in his right mind will do what was done in Zimbabwe. Zimbabwe's problems are more political than economic. So the...
  5. asianobserve

    Economics: Why are mainstream views different from reality?

    Oil has a more central role in our daily lives than gold...:thumb:
  6. asianobserve

    Economics: Why are mainstream views different from reality?

    The question is why did he print so much worthless money? Clue: land redistribution, you cannot get more socialist than this...
  7. asianobserve

    Economics: Why are mainstream views different from reality?

    Oil is only valuable because it is an essential industrial ingredient, and industries give us all that we need and want. What does gold do? It's practically just a lump of metal with not much industrial value. The value of gold is purely speculative... it only exist in the minds of speculators...
  8. asianobserve

    Economics: Why are mainstream views different from reality?

    You're making Zimbabwe the poster child of the current monetary policy? Their misery is a product of Mugabe's Socialist policies... :shocked:
  9. asianobserve

    Economics: Why are mainstream views different from reality?

    But the more curious aspect of the gold standard is that it unfairly favors countries with huge natural gold deposits... How about countries with no significant natural gold deposits, then they have to buy gold from a gold producing country? So African countries with huge gold deposits can just...
  10. asianobserve

    Economics: Why are mainstream views different from reality?

    This is a simplistic view harbored by socialists about the current financial system. I'd like to wait for the time when the current system will collapse. Even the Indian government and the rest of BRICS does not seem to agree with this outlook as they are pushing for an alternative currency to...
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