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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: No Mo Mo who wrote (195063)10/3/2002 2:19:53 PM
From: Knighty Tin  Read Replies (2) of 436258
 
No, I see it more as a trading sardine than as money, as are all commodities. However, I could envision the day when the Fed says "we'll now have two grades of money. The green stuff you know is fake and some blue money that is backed by our gold holdings. The blue will be around until the world once again has confidence that we won't print the green stuff at a growth rate far beyond our economic or corporate profit growth rates. And, of course, complementary blue bills will be given to Goldman Sachs if they give us access to hot IPOs. Assuming there are ever hot IPOs again." O.K., that last bit wasn't part of the original nightmare. <g>
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