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To: E. Charters who wrote (132102)9/29/2008 6:22:02 PM
From: robnhood  Respond to of 312290
 
<< think this monetary crisis is a tempest in a teapot>>

Tell that to Bear Sterns, MER, FNM, FRE, LEH, AIG and many more yet to come.
Tell that to the holders of trillions of dollars of exotic swaps, cubed, squared and diced. CDO's , MBS's . ABS's.

Tens of thousands of homeowners underwater.

Some teapot.



To: E. Charters who wrote (132102)9/29/2008 7:18:46 PM
From: Nevada99991 Recommendation  Read Replies (2) | Respond to of 312290
 
Cool graph! Currency + M1, M2 and M3 were 10,000 billion (10 trillion) dollars in 2006 when M3 reporting was discontinued, according to the chart. M3 is not important, so why report it?

The US gold reserve is about 260 million ounces, or 0.26 billion. So, 10,000 billion divided by 0.26 billion equals about 38,500 dollars per ounce of gold reserves. My calculator is out of date, it doesn't do trillions. I need a widescreen model. Project as you see fit to the present. Anyway, this is the ratio I was thinking of. Thanks for the data.



To: E. Charters who wrote (132102)9/29/2008 10:14:53 PM
From: koan  Read Replies (2) | Respond to of 312290
 
Fiscal contraction due to loss of cash from equity and high oil.

Where does new cash come from and how do we pay our debts?

I'll bet thousands of car dealerships go tits up e.g.