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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (52668)	6/5/2002 12:08:16 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

challenge: find single example in history of fiat currency NOT returning to zero value answer: NONE an alarming historical record..... NO PRECEDENT !!! we in USA assume the dollar will remain in paramount position I wont pursue this further but the above challenge remains find one example in 5000 years of history this attitude directly addresses American Arrogance I am not saying the US$ will go to zero I believe it far more likely it will be RETIRED then REPLACED with some gold-backed dollar by 2010 e.g. 1 oz GOLD = $2000 = 20 oz SILVER if it is a ridiculous statement, then surely you can find a counter-example ever heard of the Mississippi Project during 18thC France? seriously and respectfully, Greg, I question your knowledge of the history of money The Jackass has studied long & hard for 16 months in a variety of financial areas by the way, in 1995-96 I was a nearby player in the Yen Carry Trade I made a ton of money shorting the Yen for five quarters / jim