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To: elmatador who wrote (21902)	7/31/2002 11:14:58 PM
From: Ilaine	Respond to of 74559

>>"Rose please dust off the Argentina file for us to fly to Buenos Aires"<< In my humble, and ignorant opinion, money isn't gold, and it isn't dollars. Those are just markers. It's monetized labor, land, and capital goods, similar to Mq's monetized shares of Qualcomm. A while back you posted an article which described how people who were engaged in barter wrote up slips which could be used in barter as if it were money. I replied that these slips were, indeed, money. The land, labor and capital goods already exist. Why borrow money? Why not just monetize the assets? I know the reason, and it's a very good one -- because of the desire to engage in foreign exchange. There needs to be a way of translating, or a universal currency. But we all know that borrowing from the IMF only digs the hole deeper.