Comments on: 1975 Question: Should Central Banks Be Free to Buy Gold? http://www.ritholtz.com/blog/2009/10/1975-question-should-central-banks-be-free-to-buy-gold/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Wed, 15 Feb 2012 00:33:57 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Pete from CA http://www.ritholtz.com/blog/2009/10/1975-question-should-central-banks-be-free-to-buy-gold/comment-page-1/#comment-223734 Pete from CA Thu, 08 Oct 2009 16:01:28 +0000 http://www.ritholtz.com/blog/?p=40542#comment-223734 "Liquidity creation of such extraordinary magnitude would seriously endanger, perhaps even frustrate, our efforts and those of other prudent nations to get inflation under reasonable control." We have come a long way... “Liquidity creation of such extraordinary magnitude would seriously endanger, perhaps even frustrate, our efforts and those of other prudent nations to get inflation under reasonable control.”

We have come a long way…

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/10/1975-question-should-central-banks-be-free-to-buy-gold/comment-page-1/#comment-223732 Mark E Hoffer Thu, 08 Oct 2009 16:00:26 +0000 http://www.ritholtz.com/blog/?p=40542#comment-223732 w, the story has been around, see also http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Recently+declassified+memorandum+from+Fed+Chief+Arthur+Burns+to+President+Gerald+Ford ~~ David, to your observation: "..the still-prickliness in Congress with some over leaving the watered down Bretton Woods Gold standard." Now, ~30 years later, CBs buy/sell/lease Gold with abandon. Time, Memory's greatest adversary, especially when the 'young 'uns' are never taught.. and, this: "they overstimulated for 30-35 years, and now we are in the tank over much of the globe." one Man's 'overstimulated', is another M*n's 'Financial Strip-mining'..no wonder the 'tank' is so deep.. also, w/this: "Governments have not learned what they really want monetary/currency policies to be .." it, too, is a matter of perspective. from here http://www.policestateplanning.com/cfr.htm it'd seem that the have learned, and rather well, at that.. w,

the story has been around, see also http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Recently+declassified+memorandum+from+Fed+Chief+Arthur+Burns+to+President+Gerald+Ford
~~

David,

to your observation: “..the still-prickliness in Congress with some over leaving the watered down Bretton Woods Gold standard.”

Now, ~30 years later, CBs buy/sell/lease Gold with abandon. Time, Memory’s greatest adversary, especially when the ‘young ‘uns’ are never taught..

and, this: “they overstimulated for 30-35 years, and now we are in the tank over much of the globe.”

one Man’s ‘overstimulated’, is another M*n’s ‘Financial Strip-mining’..no wonder the ‘tank’ is so deep..

also, w/this: “Governments have not learned what they really want monetary/currency policies to be ..”

it, too, is a matter of perspective. from here http://www.policestateplanning.com/cfr.htm
it’d seem that the have learned, and rather well, at that..

]]> By: David Merkel http://www.ritholtz.com/blog/2009/10/1975-question-should-central-banks-be-free-to-buy-gold/comment-page-1/#comment-223712 David Merkel Thu, 08 Oct 2009 14:52:11 +0000 http://www.ritholtz.com/blog/?p=40542#comment-223712 Interesting cast of characters cc'd at the end. Greenspan, Seidman, Simon, Kissinger... also interesting to see how much they cared about French opinion at the time, and the still-prickliness in Congress with some over leaving the watered down Bretton Woods Gold standard. Also the willingness to trade one issue for an unrelated issue. We are still feeling the effects today of going off the gold standard. Governments have not learned what they really want monetary/currency policies to be -- they overstimulated for 30-35 years, and now we are in the tank over much of the globe. Interesting cast of characters cc’d at the end. Greenspan, Seidman, Simon, Kissinger… also interesting to see how much they cared about French opinion at the time, and the still-prickliness in Congress with some over leaving the watered down Bretton Woods Gold standard. Also the willingness to trade one issue for an unrelated issue.

We are still feeling the effects today of going off the gold standard. Governments have not learned what they really want monetary/currency policies to be — they overstimulated for 30-35 years, and now we are in the tank over much of the globe.

]]> By: w http://www.ritholtz.com/blog/2009/10/1975-question-should-central-banks-be-free-to-buy-gold/comment-page-1/#comment-223702 w Thu, 08 Oct 2009 14:33:17 +0000 http://www.ritholtz.com/blog/?p=40542#comment-223702 It's a bit mean not to acknowledge zero hedge as the source don't you think? What is it with bloggers these days? W It’s a bit mean not to acknowledge zero hedge as the source don’t you think?

What is it with bloggers these days?

W

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