Tal-biki, ciccio, I give up. “Central Banks are lenders of last resort”, hux? Mur obsor, hej! The answers to your questions are in the text. Learn to read carefully.

Just one point – it does not have to be gold. Sound money is sound money – it is backed by something tangible, not ‘good will’. But remember what Soros has been telling you: ‘gold is a bubble’… and yet Soros himself has transferred most of his equities into gold.

Go fugure, ciccio, eh… ibqa’ ibla’ t-tadam shieh – xi darba tehillek wahda fil-gerzuma.

Kev, I did read your long winded reply which, if I understand well, can be summarised in the argument that I suspect you have made hundreds of times before, that money in circulation cannot exceed the gold deposited at the central bank.

But I do not see where you would like to get to with this argument.

Are you also suggesting that the printing of money should be a function of the Treasury?

So in substance, are you suggesting closing down the banks, or just nationalising them?

I also think that you do not understand how central banks work.

For instance, you question why central banks should be involved in the determining the interest rates. The answer to that is that central bankers are the lenders of last resort to the banking system.

He’s just following your lead, Kevvy.

If you’ve got absolutely nothing to say on the subject, Pepso, why make a fool of yourself in this most absurd fashion?

Easy, a multiple choice of answers to vague proposals.

Chomping at the bit there Kev – must have been proud of that particular post-cum-bollocks.

Come on Ciccio – don’t let him down, now.

Good point.

He thinks it a charity drive to ‘Save Our Hedges’.

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