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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (15407)	1/3/2002 4:37:24 AM
From: Maurice Winn	Respond to of 281500

<Until you see the creation of some "supra-national" corporate entity possessing more power and authority than the largest nation/state (ala Blade Runner, or RoboCop), trusted enough to back up their promise to redeem that specific currency, it would be like playing Russian Roulette with the nest egg.> Hawk, I already own the corporate entities. Uncle Al's $ has much less power and authority than shares I currently own. The shares' earning potential is a function of consumer desire, which I trust a lot more than politician promises. Uncle Al's interest rates are a function of $$ holder's mystical belief in the stability of a currency backed by the monopolistic hopes of the Fed. I'm now just waiting for the transaction costs and ease of transaction to improve. They are improving each year. You wrote: <And I certainly have NO FEAR of investors suddenly fleeing from the USD, or any other major currency, to the false safety of Cyber-Security issued by some cyber entity like the .. > You seem to not understand that anyone who owns shares has already decided that their returns are higher by owning producing assets than US$. They have already fled the US$ and all other major currencies. They don't think it's false safety. I am discussing making their share transactions very simple and in small units in mobile cyberspace. If the US$ is abandoned, that is a major thing in US foreign affairs, so I don't think it's too off topic. Mqurice