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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (20779)	4/26/2004 11:01:26 AM
From: philv	Read Replies (1) \| Respond to of 80931

Ray, I have been wrong so often and for so long, that I refuse to make predictions. I was wrong back when the Asian crisis evolved, wrong in 2000, and will probably be wrong in the future. This world economic fiat system is supported by every nation on earth and is the most powerful and self sustaining all encompassing system ever devised. It is the basis of the New World Order, and in spite of the obvious great problems, it just seems to go on and on. All nations are committed to it, and would sell (most probably already have) every ounce of gold or whatever real assets they have to perpetuate it. It is the only game in town...it is the big show. The biggest con game ever, and Greenspan/FED are the hucksters. The greatest beneficiaries are the wealthy, the corporate movers and shakers, the paper shufflers and their banksters operating on the world stage, taking their cues from the top. Change can only come if the entire world economic system collapses. Actually, from my perspective, since the collapse of the Soviet Union, this economic system has expanded to every corner of the earth, and has even embraced "communist" China. Every nation wants the miracle of the US dollar, and Greenspan just keeps printing. There is a mountain of debt, but the base is growing bigger and bigger. Question is, how big can this mountain grow?

To: Raymond Duray who wrote (20779)	4/26/2004 12:22:23 PM
From: sea_urchin	Read Replies (1) \| Respond to of 80931

Raymond > From the top in 1929 to the bottom in 1932, the broad stock market lost 89% of its value. That was a seminal event in economic history. The crash came about because people failed to recognize that share prices are measured in money terms and not in units of gold. In fact, it was the gold standard that caused the crash because the debt sustained by buying shares on credit on the way up, had to be repayed in real terms on the way down. Today, a crash like in 1929 is not possible for the simple reason that yesterday's money is not the same as today's and definitely not the same as tomorrow's. In fact, debt is no longer considered a problem because eventually it becomes "demonetized" as result of the massive creation of more money and more money. This is one of the problems that serious gold investors (goldbugs) fail to recognize. They want the value of the currency to be fixed against an external measure eg gold. But, today, that's impossible. If the value of the money = debt were to be fixed, every government would be bankrupt. In fact, the whole basis of modern economies is to create as much debt as possible ie "print" as much money as possible.