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: UncleBigs who wrote (66738)	7/23/2006 7:13:48 PM
From: Mike Johnston	Read Replies (3) of 110194

There is roughly $740 billion in u.s. currency in existence, -Why do you count only physical currency ? The dollars in my checking account are not money ? CD's are not money ? China's reserves are bigger than $740 billion -The dollar is not money, because it fails to satisfy one of the requirements of money: the store of value -The dollar is backed by a government that is technically bankrupt and will default (through inflation) -Only gold can be obtained through hard work, because it cannot be printed from thin air. -Goldman Sachs obtains millions per day with no work -Gold has one property that is more useful than just about anything else on earth, it is a protector of wealth from government confiscation. -

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