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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (79404)6/15/2002 12:23:11 PM
From: Win-Lose-Draw  Respond to of 99280
 
At any given moment there will always be at least one paper money that people trust. There has to be, because you cannot trade gold for bread.

I wonder what would happen if Visa or other e-money merchant with access to virtually every economic entity on the planet decided to produce their own asset-backed currency?

Can money be privatized?



To: SOROS who wrote (79404)6/15/2002 4:21:13 PM
From: John Carragher  Respond to of 99280
 
"where there is smoke, there is
fire". And there is a major fire raging within corporations and the government. The people will soon see how they
have been lied to and played for the fool by dangling a tiny portion of the riches before them while the insiders
robbed vast amounts of their wealth."

I doubt the whole corp structure is damned. There has been a lot of damage but it will be repaired and for the better.


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