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To: pater tenebrarum who wrote (52327)	5/27/2000
From: Les H	Read Replies (4) \| Respond to of 99985

Median Home Price Soars to $ 577,820 - Santa Clara County Up 45% mercurycenter.com

To: pater tenebrarum who wrote (52327)	5/27/2000 7:23:00 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 99985

Heinz, I think the FED and other CB's were established as so called independent entities to take out the possibilities of ruling parties in the various governments to print money for political gain. The problem with those institution is that their members are nominated by the politicians in power or by interested parties in the banking systems. In both cases the pressure to print money is huge ........ one for political driven "feel prosperous" and keep the party in power ......... and the other print more money so we can lend it out at higher prices and pocket the spread. (Commercial Banks). That is why nonperishable metals such as gold were a store of value and mean of exchange for ages........ and now all CB's are trying to keep it's price down and distribute more paper instead. In our times there is not the maddening quest of search of gold, like during the Columbus days for example as during his time ....... the increase in the money stock means that the newly found gold was not earned, it originated out of the "blue" or better said out of the ground and increased the buying power of the finding entity ..........out of the "blue" . Remeber tiny Portugal and Spain once devided the world based on gold plundered from the original Americans As a result of the dificulties to plunder new gold grew more difficult or the find new gold deposits diminished, human society proceeded to find other means which may represent a "store of value". Slowely the human society found other means of exchange dictated by pure perception and not value ....... from non perishable spices ........ to tulip bulbs ........ to paper money ....... to paper promises or bonds ............. to paper ownership of businesses or stocks ........ and now we arrived at the digital age were the store of value are website hits or "eye balls" counts. In today society were they found an easy way to define the "store of value "...... just print it on fancy paper and back it up with a political or corporate promise.The increase in the money stock means that the newly printed money was not earned, it originated out of the "blue". This concept of "eye balls" is also proving valid as the beggars on street corners make a living out of it. Those having the "eye balls" do give them paper money which the beggar than exchange for food and shelter and a trip to the South See <GG> BWDIK Haim