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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: TobagoJack who wrote (68601)11/24/2010 2:54:48 AM
From: Maurice Winn2 Recommendations  Read Replies (2) of 218083
 
The owners of a currency, like the owners of apartments in Hong Kong, charge what the market will bear for their property. That's not a conspiracy, it's a market. The main way they charge is by dilution. The US$ has been the biggest game ever in that regard. But it's not a conspiracy in any normal sense of the word. <Do you mean to say there are no currency conspiracies in high places ? And that such is not depleting the lives of the poor, wherever they may be ? >

The poor, by definition, don't have reserve currency sloshing around their bank accounts, so yes, their lives are not depleted by reserve currencies [other than the usual taxation along with other taxes]. Those who don't wish to pay the tax can hold gold instead. Or houses. Or hens or land or shares in oil wells or anything.

Mqurice
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