The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (66858)	7/25/2006 9:55:39 PM
From: philv	of 110194

No fiat currency has ever been a store of value long term. As long as it doesn't depreciate against real things like gold at an unacceptable rapid rate, all is well. Its the frog in the pot of water analogy. It took only about 35 dollars to buy an ounce of gold just a relatively few years ago, when Nixon ended the Bretton Woods agreement in 1971. "Gold no longer is the currency of the realm; paper is. The truth now is: “He who prints the money makes the rules”-- at least for the time being. Although gold is not used, the goals are the same: compel foreign countries to produce and subsidize the country with military superiority and control over the monetary printing presses." HON. RON PAUL OF TEXAS Before the U.S. House of Representatives February 15, 2006 house.gov

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