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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: RJA_ who wrote (62080)3/19/2010 1:52:04 AM
From: elmatador  Read Replies (2) of 218074
 
Money is backed by real economy. No real economy, money turns to paper.

That because money is a proxy for goods that are traded with it.

Only after bush clearing, excavation, pouring concrete can the money be claimed.

Next month, deliver of the pole. erection and installation of the ancillary system: grounding, lightining protection and aircraft warning lights...
then we can claim money again.

We must have produced a few Km of trench, lay fiber and backfill to be able to claim money for the goods and services.

But people thing only because the paper is Anglo is good enough even if work has not been performed and goods were only impoirted from China!!!
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