Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (40129)	10/24/2003 8:55:02 PM
From: BubbaFred	of 74559

Raymond - I will post any more information as I find it. The terra currency is only in proposal stage and it may take many years before it gets followers. However, it is possible to free float it and make exchange through the internet. Somebody has to manage it, i.e. set the valuation and against which currencies? and do the book keeping. I am sure there would be small banks (Everbank for example) wanting to increase members and deposits would go into it. At Everbank, one can set up accounts in different currencies, including the RMB. As Jay Chen said, "Should it happen, then TeoTwawKi is here". Maybe it's when TeoTwawKi is approaching and imminent, in about 10 to 20 years?

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