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

To: Maurice Winn who wrote (7392)	6/29/2006 2:21:28 PM
From: elmatador	Read Replies (1) \| Respond to of 217651

USD will go to zero"? There's a 13 trillion economy underlying that currency! I have seen many other currencies, much more weaker than the USD, and with much weaker underlying economy supporting that never have gone down to zero. Nigerian naira, Brazilian old currency Cruzeiro, Thai Baht, Peso Argentino... They were all currencies of mismanaged economies, lousy financial systems, useless governments... none have gone to zero. Why? because there is an economy underlying those currencies. They are means of exchange of real goods and services. The USD, along with the US economy, in the whole scheme of things, and given enough time will lose its importance. But that is much different than saying it will disappear, melt away or vanish. Want a proof? The capital that is spreading more evenly is USD moving out of the US. When say, CALPERS, invest outside the US, it is not contributing to the USD demise. It's recognizing that there are better ways to invest USD to provide profits that will be repatriate as USD back into the US economy.

To: Maurice Winn who wrote (7392)	6/29/2006 2:22:35 PM
From: jim black	Read Replies (1) \| Respond to of 217651

Mq Good to hear from you. I have been relatively scarce since those bloody days of doing battle with that shark Bernie Schwartz of Loral/Globalstar infamy, may remember at my ire I incurred rally of some 900,000 shares held by investors for whom I was honored to speak/complain against that shrew and after talking with him, after he spat on my concern, spoke briefly down to me, I promptly sold all Loral stock and told everybody for whom I spoke that was what I was doing, and the company eventually went bankrupt, but the Schwartze? (okay, not pc, but I speak German and am half Jewish, my mom's side, so I can say anything,) he did okay, rich as ever...bastard RE: gold I have some, quite a bit actually, a fraction of what Jay has no doubt, I reflect on the absolute futility of fiat currency, and long for a better proxy for money earned, but alas our politicians are beyond caring for our people or their money, and I remember, wincing at what Greensputin said in 1966 in "Gold and Economic Freedom" and also more recently Paul Volcker, when asked what about gold, said he, "problem with gold is there is not enough of it", maybe more plentiful silver would do, or better a basket of gold, silver, platinum, titanium, cobalt, oil, NG, and for awhile, uranium. It is not wasted on me that central banks in Russia, China and Argentina are buying, and that Germany is not selling their hoard, it will have to do in lieu of paper and electrons that can be voted to mulitple endlessly, Good luck Mq, and remember all of us old folks who would say, buy gold and hope it goes down jim black of Austin TX