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To: Hawkmoon who wrote (53122)	5/22/2000 2:56:00 PM
From: long-gone	Respond to of 116764

TEOTWAWKI? U.S. Agrees to Total Nuclear Weapons Ban NewsMax.com Sunday, May 21, 2000 The United States agreed, for the first time since the explosion of the first atomic weapon in 1945, to totally eliminate its nuclear arsenal. The sweeping U.S. policy was made Saturday when the U.S. agreed with all other members of the U.N. Security Council to the worldwide elimination of nuclear weapons. (cont) newsmax.com Yes, idiots do run this country.

To: Hawkmoon who wrote (53122)	5/22/2000 2:57:00 PM
From: LLCF	Respond to of 116764

<Since there isn't enough gold to fully back the available paper currency that has been issued I see little rationale in keeping gold as a "reserve currency".> Who says? And isn't that 2 wrongs making a right? DAK

To: Hawkmoon who wrote (53122)	5/22/2000 4:19:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<Since there isn't enough gold to fully back the available paper currency that has been issued I see little rationale in keeping gold as a "reserve currency". I mean face some facts here... the US can't sell gold except by act of congress, so I really don't see what good our gold reserves actually serve. Were the dollar to collapse, exactly how would all of that gold in Ft. Knox resolve the problem?>> You have a rather large cause & effect problem here Ron. The market is saying they understand the gold reserves held by the US are gone or have been greatly reduced. They also understand President Bush will bring truth into the equation.

To: Hawkmoon who wrote (53122)	5/22/2000 5:05:00 PM
From: Little Joe	Read Replies (1) \| Respond to of 116764

"Since there isn't enough gold to fully back the available paper currency that has been issued I see little rationale in keeping gold as a "reserve currency". I mean face some facts here... the US can't sell gold except by act of congress, so I really don't see what good our gold reserves actually serve. Were the dollar to collapse, exactly how would all of that gold in Ft. Knox resolve the problem?" Ron: It seems to me the answer is obvious, just as Roosevelt did during the depression you simply revalue the dollar in terms of gold. Of course, this means gold would be worth much more in terms of dollars than it is now. The benefit of having the price of gold tied to the dollar is the discipline it creates in limiting the money supply. Of course this is a two edged sword and could result in less overall economic growth and possibly worse. I am not sure it is a good idea, but it could be done. Live long and prosper, Little joe