On Tue, 23 Sep 2003 16:35:57 -0500, tommyknocker wrote
(in message ):

Radioman390 wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

Does anybody have a link to the article in the UK Guardian that prompted
the Sierra Times article? The Sierra Times looks like it has an agenda-a
typical far right wing survivalist agenda-and I'd like to see where this
article came from originally.

The trade talks in Cancun were all about poor nations wanting rich
nations to end their heavy agricultural subsidies so poor farmers would
have an easier time competing against Western agribusiness. Both sides
refused to budge, so the talks ended. I don't see how that translates
into a drastic dollar drop "any day now".

All currencies are confidence based, and have been ever since the gold
standard was scrapped in 1971.


You're correct and wrong grin.

It was really 1933.

And then it was 1946 (Bretton Woods).

And then it was really - as you stated - 1971 (end of Bretton Woods).

I'd argue that $35 an ounce was "not really" a gold standard.

dontchaknow.

Gray