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

To: TobagoJack who wrote (42513)	12/5/2003 9:10:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, to place it on record, so I can say I told you so, the US$ will go to zero compared with both gold and Q. This has been implied in my rants for a long time, but I thought I should specifically enunciate it. Which immediately begs the question as to why I'm holding a big stack of US$. That's because I'm not expecting zero any time soon. Before zero, there will be reasonable returns from the US$ from interest payments. I guess it'll be maybe 20 years or 30 years before we see zero for the US$. Along with the US$, a lot of other fiat currencies will also have gone to zero. In fact, I can't imagine which ones won't. So TeoTwawki isn't something I deny. It's something I'm in awe of and waiting for with bated breath. I don't think the end of the US$ will come with a Big Bang one day when TeoTwawki arrives like a 5 kilometre wide meteor. I think it'll be more like the very gradual aging of an old man, who was once full of youth, vim, vigour, intelligence, creativity and hope. When he finally expires, it'll be with a soft last breath and the world outside will barely notice his passing, having long gone on to new glories, admiring new icons, proselytizing new plans, prognosticating about new paradigms and generally trying to attract the girls. So time travelers shouldn't expect to see $2,000 to the G and Q. They should expect to see $20,000. The Dow will be 16,000 longgggg before that = namely very soon. But in the meantime and mean time, there will be lots of hissing and roaring, shouting and investment opportunity. US$ will be needed to conduct transactions for the foreseeable future. For these predictions, I am applying your rules for predictions. I am not offering my usual double your money back guarantee. The fundamental reason for the demise of the US$ is that it's the property of a mere 4% of the world's population. The rest of us have no ownership in it and will not remain permanently inclined to pay a usage fee to those who do own it = the US citizens. We will gradually move to tax-free currencies in cyberspace = the Q. We won't have to pay a tithe to the US Federal Reserve and therefore the US political system. I know somebody who is very mobile, working in cyberspace and being paid in PayPal currency [= currently US$]. It never needs to touch the ground. It can just circulate in cyberspace. For example, they bought via e-Bay or somewhere, some nice electronics and paid via cyberspace. Who needs Uncle Al KBE EEE? He is getting old and we can't depend on him forever. One day, he probably will draw his last breath. The world will have moved on. I write "probably", remembering your rules of predicting the future. Perhaps he'll be uploaded to cyberspace and he'll go on forever, being the first immortal person. Somebody will be. They'll probably have money. He has money, albeit somebody else's. Mqurice