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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (28435)3/27/1999 7:06:00 PM
From: Lucretius  Read Replies (2) of 86076
 
I'll give ya that... (that guy sounds like he's one of the Branch Davidians -g-) but I do agree w/ the way paper currencies are being sloshed around the globe while governments attempt to manipulate them causing even more damage. The whole system (based on the US as the creator of the value of "wealth" ie- printing dollars) is unstable by nature... but great for us as long as it works I guess. We have this great deal... we print up some green ink on little sheets of paper and get to trade it for stuff like oil, gold, and aynthing else tangible. Other countries don't get to do that. They must first sell their stuff for our paper... then they can print up one of their pieces of paper.

Recall, it wasn't but about 70 years ago when the entire world economy was based on the British pound which was backed by gold.

They didn't have derivatives back then of course... ho ho
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