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Track Coastal · 10th October 2008, 01:20

Prospector, we had the Bretton-Woods agreement (the gold standard) until 1971*. The agreement was instituted to prevent the bullsh1t that is occurring now AFTER it had occurred previously in the 1930s.

*who ditched it? A bent and crooked Republican trying to fund a war with money he didn't have. Google: Nixon Shock

Also, when your pension buys some stock it hedges by often buying a put option or selling a call. Traders take the oppositie positions and act as the customer.

10th October 2008, 01:20	#3484 (permalink)
Track Coastal Join Date: Aug 2006 Location: All over the place Posts: 287	Prospector, we had the Bretton-Woods agreement (the gold standard) until 1971. The agreement was instituted to prevent the bullsh1t that is occurring now AFTER it had occurred previously in the 1930s. who ditched it? A bent and crooked Republican trying to fund a war with money he didn't have. Google: Nixon Shock Also, when your pension buys some stock it hedges by often buying a put option or selling a call. Traders take the oppositie positions and act as the customer.