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

To: ackerrj who wrote (5493)	4/11/2006 3:52:24 AM
From: energyplay	Read Replies (1) \| Respond to of 219606

Just paper currency about 800 Billion divided by 261 million ounces. Not demand accounts. If B borrows from A and C borrows from B and D borrows from C, we can have large numbers of demand accounts matched with an equal number of debts. Computer processing, financial derivaties, etc. have increased the numbers of accounts and nominal totals without a net increase in actual new money, which comes from the FED or buy new lending. The 261 ounces is easy to find, see gold reserves under Wikipedia. The 800 Billion paper is from US treasury, buried somewhere deep in their sites.