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Politics : Ask Michael Burke

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To: Mike M2 who wrote (73836)	1/16/2000 11:56:00 PM
From: Skeeter Bug	of 132070

mike, by what mechanism will gold hold value when there is a run on currencies? bgr is of the opinion that the us is too big for a currency run. the economist on pbs addressed this (not samuelson, but the other guy). he stated "you may think the us is to big and powerful to have a run on its currency, i may think it is too big. however, god might not think it is too big..." well, a tight paraphrase anyway. the perception of near omnipotence is required for a sustained bubble. how does that saying go... "pride cometh before a fall..."

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