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Politics : Welcome to Slider's Dugout

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To: jim_p who wrote (6431)	9/17/2007 11:32:48 AM
From: the navigator	Read Replies (1) of 50502

Without confidence there is no system. Confidence is the crux (and crutch) of a fiat money system. When the German people realized that the Reischmark no longer had value it no longer had value. I enjoy reading your posts, they come across as well thought out and make a lot of sense. So I'm curious - where are your bets placed? I'm sitting in Cdn cash and a little uranium and not much else until we learn what Bernanke is going to do tmro. EVERYONE expects at least a 1/4 pt cut and I highly respect some of those who are predicting it (Jim Puplava for one). OTOH, Bernanke has yet to reveal himself. Personally, I don't have a clue, that's why I'm watching and waiting...

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