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To: Wharf Rat who wrote (48980)	3/26/2002 11:47:22 AM
From: Jim Willie CB	Respond to of 65232

the history of money is utterly fascinating it must meet certain requirements e.g. rare, durable, valuable, keeps form, recognized widely, honored widely (it must look and feel the same, virtually identical, if retrieved after 500 years of submersion in the ocean or a collapsed building ruin or volcanic eruption) american indians used wampum, which was hides ancient cultures used salt ancient Greeks used silver ancient Rome used gold prisoners use cigarettes western world dwellers use a piece of special paper with watermarks, a metal sliver, refined engravings, and dead presidents displayed - with difficulty, USGovt experts have learned a method to mass produce this special paper - others have discovered techniques to duplicate the process, called counterfeiting (case in point is Sodomy Hussein or Iraq, who is reputed to have printed $50 billion per year in the 1990's) our modern society has not improved the concept of money they have only enabled the Industrial Revolution to produce money in a mass production method therein lies its false high value it is not durable, since it is recycled and destroyed periodically it is not rare, since it can be printed on orders it is recognized, it is valued (FOR NOW) the more is printed and distributed, the lower its value the Federal Govt cannot repeal Laws of Economics, supply & demand rules supreme we in this country are in trouble when the USdollar is shunned it was last driven down in value in 1991, 92, 93, 94 what poor memories we have !!! / jim