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

To: smolejv@gmx.net who wrote (26955)	1/6/2003 11:52:54 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<>>As money becomes more electronic<< ... adresses its moneyness, but not the amount of it in circulation. > DJ, For now, Uncle Al KBE can also be Sir Printsalot, but at some stage, that fun will be over. Then, thanks to electronics, and low swapping costs from shares and other assets, people will hold less US$ as cash, and the speed of money movement will increase, so there'll need to be less money for it to retain its value. That's going to make a big sucking sound as the need for money dwindles but the value of it must be protected. Inflation will be on the rampage. People will abandon US$ quickly. That shouldn't be for a few years yet. That's the theory I'm working on. I've got to be outa there before any sucking sound starts. I hope the sucking sound isn't what I hear now. I think it's just the noise from the maelstrom as things are sorted out. Mqurice