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Politics : Foreign Affairs Discussion Group

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To: TimF who wrote (261097)	4/9/2008 2:31:24 PM
From: c.hinton	Read Replies (2) of 281500

gosh.... more important but not relevant..thats just like saying debt is wealth. in a fiat currency value is maintained by confidence ...every emergency rate cut and intervention undermines that confidence...ergo gold is at 900 dollars when it was only at 650 in august...and where are the stock market and home prices...each are ten percent down and add to that another 10 percent fail in the value of the dollar. americans assets are worth lees but the debt used to buy them remains the same.

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