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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (66752)	7/24/2006 1:20:06 AM
From: kris b	Respond to of 110194

The only true money in our fraudulent fiat monetary system is printed currency. Amazingly, it's rarer than gold. So, is it possible to liquidate all the credit and revert back to currency in circulation only?

To: UncleBigs who wrote (66752)	7/24/2006 1:20:06 AM
From: kris b	Respond to of 110194

The only true money in our fraudulent fiat monetary system is printed currency. Amazingly, it's rarer than gold. So, is it possible to liquidate all the credit and revert back to currency in circulation only?

To: UncleBigs who wrote (66752)	7/24/2006 5:50:31 AM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

The only true money in our fraudulent fiat monetary system is printed currency. The dollar is not true money because it is not a store of value. Period. Fraudulent fiat system but the product of this system is true and rare ? This reminds me of a contradiction that was printed in the WSJ many, many times over the last few years: "America enjoys rapidly rising house prices and low inflation " The arguments that you bring up actually support a conclusion that you are trying to disprove. In your scenario of everyone wanting to withdraw money from the bank and financial system collapse, the printed currency would lose value very rapidly because the Fed would print tons of it, no one would want to hold it and people would quickly exchange whatever they had into real goods and gold.