The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: David W. Taylor who wrote (926)	9/22/2003 2:00:23 PM
From: Jim Willie CB	Read Replies (2) of 110194

you completely miss that notes and electronically transferred money can be 100% backed by gold held in reserves you are pre-occupied by movement and completely miss the concept of collateral they can all be moved across computer screens those not collateralized will drop in value those collateralized will rise in value those not collateralized can be inflated by govts and bankers those collateralized are subject to discipline WHY IS THIS CONCEPT ESCAPING YOU EACH AND EVERY PASS? do you ever read and learn, or just write and talk? by the end of this decade we will all receive an education on China and its upcoming gold-convertible yuan currency when the gold-backed yuan is in operation, they will NOT be carting gold bullion around the Chinese countryside and across the oceans they will be using computer entries on a commerce whose transactions will be denominated in a currency which is collateralized by a hard asset (GOLD) / jim

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