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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marek_wojna who wrote (19990)	6/18/2002 10:09:06 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Yet the Spaniards came only to take this "poor" defensive metal> Marek, why dig when you can simply pick it up in the Aztec King's abode and take the throne as well? True, the fiat money is based on trust but I'm not sure there is less trust in the world. How did you measure it? Feelings, general impression or projection of your own ideas? My guess is that there's more trust in governments and fiat money than ever. With 6 billion people, there is more of nearly everything than ever before. Plenty of them are voting for more government. The USA is full of government for example, so people obviously are happy with that or they'd have voted Libertarian. Keep waiting for US credit to be downgraded. After a 20% decline compared with the high-powered Kiwi$, the US$ is still way above where it was 5 years ago. So it might well drop another 20%, which would take it to 60c:Kiwi$ which is a long-time value. My guess is that it won't go more than another 10% [if that]. Mqurice