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

To: Zeev Hed who wrote (6533)	6/17/1999 11:35:00 PM
From: d:oug	Read Replies (2) \| Respond to of 81996

Zeev, you did that on purpose, didn't you<g>. You waited until I asked you to do something, and just before I posted it you slipped it in ahead of my post. But then I was so sure you understood the role of gold as a standard for paper money. But no, you must of missed that class lecture when it was explained. So here it is, short vesion: Paper money needs something to prevent the presses from printing as much as a deranged leader or committee of a nation feels a whim to do. Gold was only picked back then before the world economies became very much richer in wealth as today. It don't have to be gold, it could be any object, even one that does not exist in physical world, but only agreed on thought. See, it only a "way" to prevent abuse. So simple, but not understood by Ron or Hutch. doug