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To: Ilaine who wrote (11269)	11/24/2001 11:53:14 AM
From: LLCF	Respond to of 74559

<After a couple of months of obsessing over 9/11 and the aftermath - I know more and care more about the events in Kunduz, for example, than anyone I know - > Ughh... may I suggest taking up golf?? :) DAK

To: Ilaine who wrote (11269)	11/24/2001 11:25:57 PM
From: TobagoJack	Respond to of 74559

Hi CB, << Using your analogy, the electrical system is ok, you need to worry about the things that are plugged into it>> Yup, I can go along with that, given that the electrical system itself is an unavoidable consequence of our system of credit and debit, boosted by the ever fanciful imagination and ingenuity of people whose work is money. I know your views on gold, however, I do not intend to ever (a long time) liquidate my still small but growing metals hoard for profit, and it is a system boot backup to the currently still operative system. I will keep the allocation percentage to always-reasonable levels, assuming of course that my overall NAV continues to rise, inexorably and preferably without mood altering wobbles. As related to you much earlier … Message 15827492 “… I will (try to) defend my seemingly absurd pretensions to a gold bug and platinum worm. I will limit my discussion to the puzzling nature of gold, because the case for platinum is less subject to subjectivity. Message 15774373 <<Which is why I refuse to buy it>> You may be right not to buy physical gold. It is dense, troublesome to take possessions of, and pointless to store with others. Worse, it does not pay any current income. You may want to consider the established mining shares, because they are ... ... the big Reset Button to any financial asset portfolio” The world is so very mysterous and unpredicatble at times, and recently, within the past five years, more so. Anything can happen, and often does. Chugs, Jay

To: Ilaine who wrote (11269)	11/24/2001 11:37:09 PM
From: Moominoid	Respond to of 74559

The banks in Scotland still issue their own notes. I'm not sure what restrictions are on them. They are supposed to be legal tender in England but most small business people won't take them. In England and Wales only the Bank of England can issue notes.

To: Ilaine who wrote (11269)	11/26/2001 3:27:56 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

CB - ...In 1933, for reasons we have discussed before, the United States went off the gold standard, and US greenbacks have been backed by the full faith and credit of the US government ever since.... What positive benefits, if any, can be assigned to this 'backing'? I guess that the government would agree to exchange a torn and dirty $10 bill for a new, crisp one, or maybe even make change for it. -g- I suspect that the government still makes it illegal to enforce contracts that specify repayment in gold, but would allow you rent a lawyer at market rates to enforce your ability to repay a dollar denominated debt in dollars, no matter how much the purchasing power of the dollar had depreciated. Regards, Don