Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (7386)	8/21/2001 1:04:07 PM
From: Jim Willie CB	Read Replies (1) of 74559

Maurice, since Bretton Woods abandoned the gold standard... the USdollar has gradually replaced it as world store of value and it pays a dividend yield the world NEEDS a stable tangible commodity store value without gold or another precious metal, the human need gropes for a replacement and it found one, not a perfect one, but a workable one the consequence is that when world financial markets resolve the US$ overpriced condition, WE GET A WORLDWIDE RECESSION nice rant, old top (and a Cool Post) let's not even talk about the economies whose currency is pegged to the buck e.g. Argentina, Lithuania, Belize, Cuba and many many more / jim

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