Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (6375)	6/15/1999 7:09:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 81945

Ron, <<But let's just say for the sake of argument that the US has already sold all of its gold. What has changed physically?? ..... Who cares if the US has no gold backing its currency. It has nukes and the ability to utterly destroy anyone who attempts to attack or destroy us.>> If that is the case, then why maintain the charade. And if "might make right", the USSR may be in a mess, but they have a whole pile of nukes facing us too. So that logic is dubious at best. While having the capacity to protect one's self is important, it certainly does not make an economy - if it did, the USSR would be booming too. So ..... confidence is where it's at - and presently that's in the US .... but not necessarily forever. That's an economy built upon borrowed paper at all levels ... personal, corporate and government .... not a stable underpinning for a healthy economy and rising bonds are starting to show that is the case. MB