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To: pater tenebrarum who wrote (65558)9/30/1999 7:59:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
imo, it is good in the s-t.. VERY bad in the l-t cause it allows historic imbalances to build up in the system inchecked.

so we can print and print and print until one day... we just can't... and we get a total disaster... recall bobby B calling the gold chart a giant flag (if it is it, we have wave 3 coming up).

i remeber newspapers in 1971 saying how going off the gold standard was such a TERRIBLE and disasterous thing.. how the country and her currency would be ruined!!!

they'll be right eventually.



To: pater tenebrarum who wrote (65558)9/30/1999 11:28:00 PM
From: BGR  Read Replies (1) | Respond to of 86076
 
Heinz,

The so-called fiat currency system saved the international financial structure last year, as you yourself have noted. What does that tell you about its merits? Forget your poots for a second here ...

-BGR.