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Re: The Economic recover: anyone willing to make a prediction?
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Originally Posted by Buffy
You'll have to explain a bit more why anything I've posted in this thread has anything to do with free or fair trade: I understand the difference between the two but they have nothing to do with anything I've said here. Each can have an impact on currency valuations, but are irrelevant to the overarching topic at hand.
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It's just the difference between 'absolute' and 'relative'. In fact a Gold Standard is probably most like the 'relatively absolute' system that is the holy grail of physicists today, a universal link to all entities with directly translatable values that are not self referencing.
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Corollary to the Peter Principle: Once you have promoted all of your competents to their highest level of incompetence you must change your management philosophy from top down to bottom up, because the staff at the bottom are the only competent ones in your entire organisation.
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