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

To: shades who wrote (80957)	4/18/2007 8:45:34 AM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

<<Elroy ... told me that spain suffered inflation when shiny lumps of aztec metal came their way>> yes, that did happen, but only because spain effectively 'printed' by stealing and robbing from s.america, but did not have enough goods to meet the demand generated by the serendipitous gold find in such enormous quantity ... a whole continent of gold for one insignificant backwater of a country ... the gold find in effect blew up spain in time, and condemned it to 2 centuries of backwaterdom, ending only recently