Re: Sorry, falscher Link + Server total überlastet, jetzt aber Greenspan

verfasst von black elk, 01.11.2000, 16:35

..

http://www.balticbankinggroup.com/report/metals-1.html

Auszug:

'A free banking system based on gold is able to extend credit and thus to create bank notes (currency) and deposits, according to the production requirements of the economy. Individual owners of gold are induced, by payments of interest, to deposit their gold in a bank (against which they can draw checks). But since it is rarely the case that all depositors want to withdraw all their gold at the same time, a banker need keep only a fraction of his total deposits in gold as reserves. This enables the banker to loan out more than the amount of his gold deposits (which means that he holds claims to gold rather than gold as security for his deposits). But the amount of loans which he can afford to make is not arbitrary: he has to gauge it in relation to his reserves and to the status of his investments.

When banks loan money to finance productive and profitable endeavors, the loans are paid off rapidly and bank credit continues to be generally available. But when the business ventures financed by bank credit are less profitable and slow to pay off, bankers soon find that their loans outstanding are excessive relative to their gold reserves, and they begin to curtail new lending, usually by charging higher interest rates. This tends to restrict the financing of new ventures and requires the existing borrowers to improve their profitability before they can obtain credit for further expansion. Thus, under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth.

When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a world-wide division of labor and the broadest international trade. Even though the units of exchange (the dollar, the pound, the franc, etc.) differ from country to country, when all are defined in terms of gold the economies of the different countries act as one--so long as there are no restraints on trade or on the movement of capital. Credit, interest rates, and prices tend to follow similar patterns in all countries. For example, if banks in one country extend credit too liberally, interest rates in that country will tend to fall, inducing depositors to shift their gold to higher-interest paying banks in other countries. This will immediately cause a shortage of bank reserves in the"easy money" country, inducing tighter credit standards and a return to competitively higher interest rates again.'

Ist schon interessant..

black elk



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gesamter Thread:

• Alan Greenspan über den Goldstandard (schon bekannt?) - black elk, 01.11.2000, 16:26
  • Re: Sorry, falscher Link + Server total überlastet, jetzt aber Greenspan - black elk, 01.11.2000, 16:35
    • Re: Greenspan: Gold und wirtschaftliche Freiheit - JüKü, 01.11.2000, 16:49
      • BTW: Kostolany war auch gegen einen Goldstandard. Seine Begründung: - ufi, 01.11.2000, 16:57
        • Re: BTW: Kostolany war auch gegen einen Goldstandard. Seine Begründung: - dottore, 01.11.2000, 17:41
          • Re: Geschichte des Goldstandards / Meilenstein - JüKü, 01.11.2000, 18:03
          • Re: Wie könnte so ein Scenario im Jahr 2000 aussehen? - black elk, 01.11.2000, 18:08
            • Re: Wie könnte so ein Scenario im Jahr 2000 aussehen? - Diogenes, 02.11.2000, 09:28
          • Dottore = Geschichtslexikon - Bernd Niquet, 01.11.2000, 18:17
            • Re: Dottore = Geschichtslexikon - dottore, 02.11.2000, 09:47
      • Re: Das ist hier ja schon so eine Art Wirtschaftsarchiv.. - black elk, 01.11.2000, 16:57
        • Re: Das ist hier ja schon so eine Art Wirtschaftsarchiv.. - dottore, 01.11.2000, 17:19
          • ? - Darwi Odrade, 01.11.2000, 17:22
          • Ein Loch ist im Goldmarkt - Wo isses, wo isses? - Diogenes, 02.11.2000, 11:41
      • Re: Greenspan: Gold und wirtschaftliche Freiheit - dottore, 01.11.2000, 17:16
        • Re: Mensch @dottore, nun sag doch mal, weltweiter Goldstandard realistisch? - black elk, 01.11.2000, 17:22