Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (69815)	6/27/2008 4:50:02 AM
From: Maurice Winn	Respond to of 74559

See how General Petraeus has some good ideas, using cash to win wars is as old as the hills. <When the USA made the Louisiana Purchase in 1803, Napoleon wanted cash because of the war with Britain. So he got $3 million in gold as the down payment, with the balance financed by Baring of London and Hope of Amsterdam. > The USA won the war, without firing a shot, acquiring Louisiana for a bargain price so the others could fight each other, using debt, just as they do now, to cover the balance. Selling weapons to the British would even get the money back, if not during that war, then in later wars. Gold is so century before last though. Now, the USA just uses dollars, pixelated and emailed. That's much easier than gold. Mqurice