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77steel

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77steel

Re: gldtimer post# 2435

Monday, 01/18/2016 8:21:49 PM

Monday, January 18, 2016 8:21:49 PM

Post# of 4668
Gld, correct me if I'm wrong, under the gold standard, exchange rates were fixed, so that the Balance of payments had to adjust through domestic deflation. ? Bubble pops are by their very nature deflationary
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