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To: Box-By-The-Riviera™ who wrote (190168)	9/1/2002 7:44:01 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 436258

not just some panic gold/last resort approach makes sense to me. i find it interesting that we now have the technology to create a non-governmental, widely accepted currency: if the USD truly falters, it can be replaced almost overnight with VisaDollars (tm).

To: Box-By-The-Riviera™ who wrote (190168)	9/1/2002 8:38:31 PM
From: Oblomov	Read Replies (2) \| Respond to of 436258

Joel, help me out with the Puplava thesis. Based on my reading, I agree with it for the most part. I agree that some nasty things occur in a bear market, and that all of the faulty assumptions and uneconomic investments made during the mania are liquidated sooner or later. ( So far, it appears to be "sooner" - e.g. Enron, Arthur Andersen, Worldcom, Qwest, Global Crossing - thankfully) But, Puplava asserts that basic and raw materials prices can skyrocket in the face of a USD collapse against the Yen, Euro, and currencies of commodity producing economies. How can this be? How would this occur given that the US is by far the biggest consumer of such products, as well as a major producer of them?