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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject6/4/2002 3:36:09 AM
From: KeepItSimple  Read Replies (3) of 436258
 
Godzirra is hungry...

quote.yahoo.com^N225&d=t

got gold?

folks, i don't want to be melodramatic, but you only get to witness the collapse of a major fiat currency once in a lifetime.

if it is the real deal, then it's getting close to the time where you convert winnings into cold hard assets. even gold might not be enough.

cigarettes, booze, medical supplies, generators, camping equipment, guns, ammo.

let's be serious.. no fiat currency in the history of the world has lasted longer than 100 years. we're pushing the envelope here.

greenspan claims that he can't define "money", and he's right. money is a collective understanding amongst the population that defines an exchange of labor or resources, nothing more, nothing less.

btw- last week i accepted physical delivery of a nice stack of ingots. two guys delivered it, and i didn't ask them what was underneath their jackets. let the games begin. -ng-

we're fast approaching the time at which you can't take for granted the counterparty solvency on "home run" put options positions. VERY fast.
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