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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

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Nov 19 4:00 PM EST

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To: Zeev Hed who wrote (52456)	5/29/2000 7:48:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 99985

Zeev, you can print paper money as long as it is backed by a store of value which is proven over the life span of civilization. Paper Money printed based on trust and beliefs is fiat money as trust is valid until broken. As for velocity of money to transfer paper money or gold, I think will cost you the same. Today wire transfers are transfer of "TRUST" of "FIAT BYTES" which are later balanced out by opposite transfers. At the end the actual balance is physically transferred. Even your money in the bank is not paper money but some bytes representing certain number which the bank promised to honor and dispense paper money at your demand. The bottom line YOU TRUST THE BANK WHICH TRUST THE GOVERNMENT. That's all Any Russian bonds or Prusian or Persian or Turkish or ?? ......... or do you prefer actually Roman Gold Coins??? which tested their value over thousand of years. Haim

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