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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: JACK R. SMITH JR. who wrote (13219)7/22/2000 7:07:05 PM
From: d:oug  Read Replies (1) | Respond to of 14226
 
The Tolouse-Lautrec Table, World Markets, Topic du Jour

From the Wall Street Journal:

Progenitor of the Paper Millionaires

John Law’s Currency System Devastated Royal France.....

... to keep the share price rising,
Law published exaggerated accounts
of Louisiana’s riches, mineral resources.....

He created duchies, earldoms,
and marquisates in Louisiana
(and gave himself the duchy of Arkansas).....

The reality, of course, was quite different.

Much of the Mississippi valley
was unconquered wilderness.

But in Paris, no one knew this.

The only thing the French knew with certainty
was that prices of the company’s shares
would never stop climbing.....