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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: jim black who wrote (7375)6/29/2006 2:00:55 PM
From: Maurice Winn  Read Replies (2) of 217656
 
Jim, the USD will go to zero. It's just a question of when. I am planning it's demise, along with all other state-run fiat con job Ponzi schemes.

But gold is just a metal. An anachronistic article of value unsuitable to run a modern economy with 6 billion people in it, or even only 3 billion if H5N1 really has its way, which seems unlikely. Maybe next winter it will have another go, but it's running out of time and will fizzle out if it doesn't get a move on. Sars is defunct, for now.

There is simply nowhere near enough gold available to run a gold economy. It is nuts.

The Qi, Mqurice's brand new all singing and dancing cybercurrency based on phragmented photons and Goedelian self-referential value systems in a closed human economy will do the job at a negligible cost. No need to spend fortunes digging gold out of rock, or filtering it from the ocean like latter-day Easter Island Moai makers.

The existing stocks of gold are tiny per person, so the value would have to rise to some $10,000 per ounce to represent human values. That would make an insane gold mania causing the tulip mania to look trivial and ephemeral.

I am hoping for and expect 0.5% increse in interest rates by Big Ben given the 4.6% per annum expanding economy in an inflationary situation. Followed by another!! And another. That'll show the heathens who's boss.

Mqurice
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