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 (24109)	10/11/2002 10:09:33 PM
From: Don Lloyd	Read Replies (1) of 74559

Maurice, There are now 6 billion of us, worth something like $3000 per year [as a wild guess] = $18 trillion per year production value. Total gold value is only $180 billion at $300 per ounce. We can't run a $20 trillion economy with $180 billion in money. ... The value of money in a modern economy is entirely determined by its demand in use as a store of future purchasing power, along with QCOM stock. As such, the quantity of money in no way places any limit on the number or size of economic transactions that may occur. When CDMA3000 is fully implemented, electronic and optical quantum monetary transactions will all be over in a femtosecond, if in fact they cannot be completed before they are begun. Regards, Don

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