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To: Phil Jones who wrote (3900)	11/15/1999 10:39:00 AM
From: Dave R. Webb	Respond to of 4066

Phil (off topic (or along the lines of the thread)) Of the numerous ways that countries can control their currency values, varying interest rates has become the favourite. An increase in the interest rates can in the short term increase the value of the currency, it does so at the expense of the borrowers. Of these, the largest are without exception, the federal governments. They are somewhat immune though, as they can print (or tax) their way out. The balance of the borrowers suffer. Examine the effect of Canada's high interest rate policies of the early to mid 1990's. This was but a peek at what can happen. In the end, fiat currencies will inflate. It's just a matter of who will pay the price. Dave

To: Phil Jones who wrote (3900)	11/15/1999 12:42:00 PM
From: see clearly now	Read Replies (1) \| Respond to of 4066

OT Phil, following on your comments... ..in fact Band Width may be the new most valued commodity! There is even one company that is trading in it alone..Any one interested in companies in this area can follow the Gilder Thread. Another fascinating thread is Currencys..A while back there was one item that illustrated that the Non Central Bank/non sanctioned money in the global system is something like 100 times that controlled by the central banks...we are in a new paradigm and we (IMO) are not going to return. A little more controversial...there is also the likely hood (and soon) that new proven technologies will emerge that allow precious metals to be recovered at many times the efficiencies at present..and from non traditional sources. ..best to have/develop lots of peripheral vision. Arni

To: Phil Jones who wrote (3900)	11/15/1999 8:25:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Phil, what you say sounds good and correct, but if you examine history, and I mean way before year 0000, go to the time before history was recorded, and you will see that what has happened throughout all time, and you will see a constant element that manifested itself in the same way over and over, without deviation. Identify this and you will understand that not only does it still exist, but that it must exist today, and will exist tomorrow and 2,000 years from today, all the while exercising the identical influence, without modification from day 1. Bottom line, what you say is only correct for a short amount of time, and that which you see as causing it and its continuation, will be that which destroys it very soon. Doug