Posted by RodInNS on October 06, 2014 at 08:37:41 from (216.118.158.123):
In Reply to: Re: London price fix posted by Traditional Farmer on October 06, 2014 at 05:42:12:
Actually, that notion is patently false. There are any number of situations throughout history where items other than gold were readily traded between nations that did not have currency to trade with. One prominent example was the Lend-Lease agreement between the United States and great Britain at the outset of WWII. The US supplied a portion of it's navy to the UK in exchange for long term leases on bases on UK holdings throughout the world... this being done because the UK at that point had no more money to pay with. In a situation such as Argentina, I'm sure they could pay with corn, soybeans, beef, etc. There's no need for it to pay with gold...
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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