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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (4043)	2/6/2006 11:28:01 PM
From: Ilaine	Read Replies (1) \| Respond to of 217700

the same can be written about john law John Law was just one in a long line of printers to learn the hard way that you shouldn't run the printing presses at full speed. Turning the printing presses off is also a bad idea, I could give you a lot of examples but I already have so won't bore you (again). ;^) There appears to be a middle ground that is far from dangerous, and certainly less dangerous than making everybody switch to gold. It's hard to be certain, but I think it's pretty clear that "everybody switching to gold" is more often the cause, not the effect, of TEOTWAWKI. At least in the more-or-less civilized world. My own experiment, of "infecting" a brilliant young mind with these ideas and sending him out to change the world, appears to be proceeding apace. 3.64 average, looking for an internship in various Washington agencies like Bureau of Labor Statistics and Congressional Budget Office. He does have a stubborn habit of having his own ideas. :) I have been trying to persuade him to consider the finer points of currency exchange. I do think that the better minds find this entertaining. He remains stubbornly addicted to online gaming and manga, but at least his thumb muscles are well developed. On the other hand, he has discovered girls, and now wants a car. Yesterday he wanted to know what long term bonds are paying so he could calculate how much money he would have to invest in government bonds in order to have a decent income. I remain hopeful. Not as hopeful as I would be if he actually looked up interest rates himself, but give him time . . . . (BTW -- in fairness to John Law, I hypothesize that he didn't have much choice in how fast he ran the printing presses. It's usually the kings that decide how fast they go, not the bankers.)