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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DavesM who wrote (240405)3/20/2002 9:29:48 PM
From: CYBERKEN  Read Replies (1) | Respond to of 769670
 
<<Conversely, a trade deficit meant that gold a silver reserves actually left the country.>>

True, but capital, when uninhibited, flowed in. The primitive economics of a hundred or more years ago often inhibited the free flow of capital enough to create panic and depression, thus exacerbating the formerly unnecessary need for the physical shifting of gold. When then exacerbated the inhibition of capital flow, etc.,etc...