Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (46736)	2/27/2004 12:24:03 PM
From: Maurice Winn	of 74559

Ooops, I did mean to write nearly 80, not 70. I knew he was about 77 or 79. He is impressive for such a grand old age. I finally read all the Famous French Fiat Financial Failure and saw nothing I didn't already know or realize can happen with promises by a mob. It's not quite the same situation now, though there are many similarities. I'm watching and the repudiation of US$ via depreciation against other assets helps correct the situation without making the world's or even the USA's economic system collapse. It can't go much further against the NZ$ or Oz$. I noted you wisely bailed out of Oz$. Mqurice

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