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To: Hawkmoon who wrote (37104)	7/13/1999 9:33:00 PM
From: Eashoa' M'sheekha	Respond to of 116791

No One Is Converting..But Many Are Cavorting. It's Called......." Go With The Flow ". But Let us ensure the flow is permeated in the direction of least resistance,as to not upset things.This IS the direction we want to " follow ",is it not?

To: Hawkmoon who wrote (37104)	7/14/1999 12:10:00 AM
From: Rarebird	Respond to of 116791

< A Currency should be backed by the strength of its economy or legal principles. Basing Currency upon those standards insures that investors will punish any transgression and move their assets to a politically and legally more "secure" haven.> Hello. As a Currency, Gold represents a check, balance and indictment of an economy that is malfunctioning. Need I remind you that Gold rises in value during periods of deflation when the dollar tanks and there is a lack of liquidity in the system and when there is strong periods of Great Inflation. It has always represented and will continue to represent the greatest safe haven during periods of a malfunctioning economy. You seem to naively assume that the American Economy is Deflation Proof and Inflation proof. It sounds to me that you would like to eliminate the piper (GOLD) that will be paid here this year. Greenspam is not that foolish: He knows that Central Bankers are Human all to Human and that they DO MAKE MISTAKES. He doesn't share your Polyanna view of CB's as Divine Mechanics that can quickly fix any financial or global crisis that happens to come along. In regard to Y2K, adding liquidity to the System will not provide the quick fix your looking for. < Move Assets to another financial that will respect the rights of property owners.> Gold has always served that role quite well. What financial are you talking about here once the dollar resumes its downtrend? < The discipline that gold was supposed to serve as an international standard of exchange is now served by floating exchange rates and open financial markets.> I would amend this to say that the discipline of GOLD has been temporarily usurped by the greatest equity bubble in the history of finance. I think you know that when this bubble bursts and the "unbridled financial leverage" of debt that is supporting this bubble gets unwound, the Yellow Metal will Shine and Soar like it has never done before.

To: Hawkmoon who wrote (37104)	7/14/1999 12:12:00 AM
From: Jim S	Read Replies (1) \| Respond to of 116791

The "rub" is how to prevent currency corrections from taking on a life of their own, turning economic admonishment into economic murder. The CBs haven't quite got that down quite right yet. Ron, I yield to those on this thread that know a lot more about this than I do, but ... Isn't it in the best interest of all nations to ensure that no currency collapses entirely? One nation or alliance may in fact 'punish' another, but not to the point of total victory. As I understand the situation, that is what is going on with the Euro right now. Each nation is pulling in its own direction, for its own benefit, and the alliance is falling apart. Until there is some sort of central authority (real authority, not the will-o-the-wisp they now have) the Euro doesn't stand a chance. Thus, other nations that will benefit from an economically united Europe are saddled with the task of supporting a doomed currency. So, Ron, to continue this line of thought, doesn't this John Dunne view of the world economy ("no man is an island...") support the contention that the only way one regional economy could survive the repercussions of destroying another nation's currency would be to also assimilate that nation's government? I don't much care for where this line of thought leads, though -- sounds too much like a blueprint for a "one world government" plan, one step at a time. If Europe would be first in this campaign, who would be next? Africa? Asia? But, I'm letting my imagination run wild, I suppose. I'm still trying to figure all this out. jim