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 (33989)	5/20/2003 3:37:40 AM
From: Maurice Winn	Read Replies (3) of 74559

<With today's words by Mr Snow on USD - where he describes a strong currency as a currency that cannot be counterfeited, or maybe in future he will say "one that is printed on strong paper", the coast is clear for a big USD weakness against currencies that will let themselves be strong> Jay, he's heading in the right direction. The Q has zero chance of being counterfeited. Every Q and q would be stored in multiple servers around the world and transacted with irrefutable identification of the owner. Uncle Al and Snow have got it right. Zero counterfeiting is vital. Zero theft is also essential. Wheelbarrows of the stuff, such as were found in Iraq, is not the way to run a transaction mechanism. He did mention a bit more than counterfeiting and I'm sure you know that. It's naughty to clip out a little comment and pretend that that was the meaning he intended. That's journalistic trickery. If arguments depend on such journalistic trickery instead of confronting the challenge head on, then my experience is that there is no substance to the argument. A US$ ground and rubbed up against other creaking and groaning currencies should end with Americans earning their living again instead of being propped up by excited aliens sending their hard-earned savings to Biotelecosmictechdot.com stock option loaded managers. That process is well underway. I expect the Q and $ will play a good cop, bad cop routine on the rest of the world for a decade or so then combine to rule the world, using the fully pixelated cyberspace currency of the future. Aztecs will try to hide behind their talisman and will succeed inasmuch as a hermit succeeds in surviving against the vicissitudes of modern life. Yes, hermits and remote Aztec tribes survive and might even be happy, but depending on somebody digging a huge hole to extract gold costing $250 an ounce seems a huge effort to achieve something which can be achieved for almost zero unit cost [the Q and $]. I have spake! Mqurice PS I'm hundreds of posts behind on various threads, so have missed a lot.

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