2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

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To: Ilaine who wrote (76911)	7/27/2011 12:13:51 AM
From: carranza2	5 Recommendations Read Replies (2) of 218645

Your lack of understanding of Law and his history is spectacular. His company was not backed by Louisiana. Bank notes which were overprinted at his behest were nonetheless backed by specie owned by the French Treasury. The Treasury ran out of metal when overprinting led to inflation and the consequent heavy redemption of paper for specie. This burst the bubble. The French did again a few decades later when they started issuing assignats. The historical parallels with today are too obvious to miss. When things fail, people go to gold and silver. They have been doing it for centuries. Well, at least those interested in self-preservation.

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