Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (19666)	6/12/2002 6:43:58 AM
From: Maurice Winn	Read Replies (1) of 74559

<The club controls a bank with a $40 billion kitty in cash, government securities, and gold that constitutes about one tenth of the world's available foreign exchange.> Wow, that's more than QUALCOMM's cash hoard. Microsoft might be challenging them though. They can't control the world with such a small value. But they can keep the increasingly minor national monetary stores of value stable, while the Q currency gradually develops to do the heavy lifting required for global transactions. Mq PS: Whoa!! I just noticed your post number 19666

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