Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (23131)	9/2/2002 11:26:18 PM
From: Maurice Winn	Read Replies (1) of 74559

<You only recycle things which are no longer worth 'trading in'... we're still in the stage where there is enough value left to trade dollars> Recycling as used in 'recycling petrodollars' doesn't imply the dollars are no longer of value. In fact, when things no longer have value, they are not recycled but are dumped and no longer recycled. Dollars have got amazing and increasing value as proven by the fact that there are more of them than ever, by a long way, and they are valued highly compared with other currencies and there is no inflation. They are used and stored around the world. It's a little premature to expect the end of the $. I expect the end, but not for a decade or two because it'll take a decade or two for cyberphones and Q currency to become ubiquitous]. Mqurice

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