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The show must go on - or rather: the farce continues ...

ECB economist: "utopian return to the gold standard"

... » subtitled the press," the forgotten cited an article by the ECB chief economist Juergen Stark in the Frankfurter Allgemeine Zeitung (never on the correct websites, the motto seems ...).

also fixed exchange rates are the wrong way, says ECB chief economist Juergen Stark. He is in favor of flexible exchange rates.

A return to the gold standard or the renewal of the fixed exchange rate system of Bretton Woods on a global level was "utopian." Therefore should, in particular developing countries such as China that keep their currencies against the U.S. dollar artificially low, have failed in the flexibility of their exchange rates, the basis for a new stable currency system.

"Towards a stable international monetary system does not lead to a global fixed exchange rates," said Stark.

How often on important issues are the clear words of comment posts under the article more informative than the "article"-Bulletin, which has long ago as the pronouncements of the Central Committee of the SED in the "new Germany." Because the system media and its hacks have an invaluable advantage: to recognize their effort conceal the sober truth at some training hundreds of meters into the wind. Whether it is covered up origin of violent acts, whether it comes oiled spin from catastrophic Economic data goes - they can maybe a few clueless fool with their empty words, but the authority to interpret public opinion they HAVS thanks to the Internet and lost decentralized information dissemination ago. A liar is not just once but continuously, it is believed the same no more ...

to "strong" talk around the posters said, therefore, include the following: Poster »Swiss from Bern" (03/04/2011 12:18):

Utopian than the reflections of Mr. Stark. As long as states have a free license to print money, they will never, ever pursue credible monetary policy.

short term and in legislatures thinking Politikbetreibende simply unable to get the public finances under control.

If you look back in history you can find: All countries were aware of the gold standard, had a low inflation, stable economies, a sound currency. These countries have never had payment problems. Above all, the gold standard, people in these countries has protected very effectively against the Lauenen politics! The thoughts of Mr. Stark, is generous these may be, are nothing more than academic contortions.

posters »cerberus" (03/04/2011 11:50)

return to the gold standard is the most sensible alternative to Fiat Money. Of course, especially the Americans, who have the highest debt and have started up around the Clock, the note printing press, because no interest. It fails (still) the Rücehr the gold standard. In the latest 10 years after vohergehender currency reform and massive currency devaluation, we will indeed have the gold standard again, but have lost all their savings in savings accounts, bonds, etc. thanks to devaluation and monetary reform.

Finally posters »Sinus" (03/04/2011 11:39)

Bretton Woods Agreement - This agreement was established in 1944 by the victorious powers, that the dollar is the new "world currency" should be. It was agreed that 25% of the value of the dollar in gold must be deposited. Thus, had the other States do not do it yourself. 1971 Charles de Gaulle wanted to exchange the accumulated dollars in gold. He got nothing but, as there has been the gold ever. The Americans have on debt (and the expense of others) the "American way of life" funded ". People could freely print money and thus reduce the value of the currencies of all countries.

now does the money printing game never seen before on fashion. No reasonable person will assume that the simultaneous crises in the Arab. and North Africa "by the people" went out. Rather, concrete interests for resources put behind it, even speak the "frozen = expropriated" billions Gadaffis the same language. Or is someone to seriously, that the respective States will return the money to the "poor people"?

The ECB economist is as much a clown as the other puppets who seek only then to prolong a broken system from which they benefit themselves. At the end there is always a monetary reform, as was the previous 2x Jhrdt. It's always the same game, only with changing People.

"If you have detected a problem and nothing to resolve contributions, will you even a part of the problem!" Ancient Indian wisdom.

now: that the political class, including the ECB and its compliant system media, in a word: the political-media Komplexler, not merely "part of the problem," but this show even almost exclusively - that certainly is a suspicion that most not only to me has come a long time ago ...