Gold Standard For Canada? MP Maxime Bernier thinks so!Submitted by throughtheblack on Sun, 01/31/2010 - 03:02
"You may have noticed that there is increasing talk of the emergence of new bubbles in the financial news these days. Bubbles in the real estate market, in the stock market, in commodities, bubbles in China, in the United States.
What is surprising is that for the past two years, we have been going through a crisis that was itself provoked by the bursting of a bubble. How can we experience frantic speculation in various sectors while we are in a crisis? How can prices explode while unemployment continues to grow, production stalls, and consumers are heavily indebted and depressed?
The answer is simple: because there is too much money in circulation.
Central banks around the world have kept boosting the money supply since the beginning of the crisis. They did the same thing after the crash of the dotcom bubble ten years ago, which brought about another bubble in the real estate sector, which itself crashed seven years later. And today, we may find ourselves in the same situation, going through an artificial boom that cannot continue for very long."
Video and full text: http://www.maximebernier.com/en/2010/01/ancrer-la-monnaie-da...