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To: d:oug who wrote (70681)	5/29/2001 9:45:27 PM
From: Ahda	Respond to of 116753

If in the last 3 years the amount of new paper fiat usa currency created by the Fed, plus the credit wealth created outside the functioning of the Fed using GSEs (gov't sponsored enterprises), not be created in the manner done, would the Dow and Nasdaq take on the appearance & nature of a gambling casino Every now and then you come up with a very pertinent statement this is one of them. There are those that make money for moneys sake and those that create money for the sake that all can benefit. The accident or the reality I am not to sure which but it works. We managed to create a bubble and now the question becomes are we in the same situation as Japan was or is ours worse as we are far more reliant on the globe than we have ever been. Chinas Gpd forecast to be about seven percent this year. One thing about when you gain knowledge it is catchy if the price is right the growth continues.

To: d:oug who wrote (70681)	5/29/2001 10:12:25 PM
From: Zeev Hed	Respond to of 116753

Doug, tulip manias have not and will not be prevented by a gold backed currency. Abolition of human greed and gullibility will, if you know how to get there. I don't. Zeev

To: d:oug who wrote (70681)	5/29/2001 11:08:30 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 116753

Doug Should there ever again be a standardized global gold/currency exchange. What should the outcome be if the rate of gold production exceeded the growth rates of any or all given nations? Inversely,what would the outcome be should production decline. One would have to imagine a fixed rate of production or better a controlled rate of production so as not to create imbalences that would not offset GDP's;akin to printing fake bills but with the very real possibility of a massive scale flood on the market. Could all this be worked out fair and equitably? I would think not any more or less than current standards already in existence via currencies-with the main exception that each nature is responsible for their own currency. I only wonder about the EURO's stability when enough time laspes