SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (67890)8/21/2007 12:51:30 PM
From: benwood  Respond to of 116555
 
Everybody has their own understanding of what's in Fort Knox; virtually nobody really *knows* though.

Our nuclear arsenal I'm sure helps the greenbacks a bit, plus dealing with others from a position of economic superiority (albeit waning).



To: Tommaso who wrote (67890)8/21/2007 6:36:30 PM
From: patron_anejo_por_favor  Respond to of 116555
 
>> But it serves no purpose except maybe to provide some distant reassurance of the value of the USD<<

We keep it there (if there's any actually still in there) to reassure foreign bagholders to keep accepting our worthless IOU's just a little longer.....like the carrot in front of the donkey....it'll work until they're finally ready to use the nuclear option.....