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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (44867)	7/14/2007 2:38:30 PM
From: jackjc	Read Replies (3) of 78408

Tom, we all know that. The banks create an asset on their book of the loan amount to be paid back, and a balancing debit is picked up by the borrower. AND a cash amount slightly smaller is created (the small existing percentage cash requirement varies 10-15%) which is inflationary but oils the works and allows living beyond our real means. People who borrow to buy real things of solid value can benefit and this is the basis of our living standard being so high. If we had to borrow others real cash to buy a house there would not be enough savings to go around and interest would be high. And the few wealthy savers would be on top and control all. USD has dropped 94% during my lifetime, yet look around, life is improving for most people. Those that have been predicting a total collapse for decades have been wrong so far. Older folks may get through this ok, but need to leave real things for the children. We accept what we cannot change and prosper in the world others created and run.

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