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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (51786)	6/28/2009 9:53:53 PM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 218145

ElM, you are finally starting to catch up to where I was last century: <The case to remove the USD> The transactions you describe can be in any currency, including US$. But those left holding the US$ are left holding the bag for another round of dilution when Big Ben fancies it. The USA has some stupendously successful exports, cyberspace being one, US$ being another. The US$ is the most amazing royalty business in human history. They pay themselves for running it by diluting all holders regularly. Qualcomm charges only 4% royalty for a vastly successful technology. USA charges 6% on average over decades as royalty on US$. I have got Qi [the new global currency] well underway. One of the keys to success is for hordes of people to see the need for such an amazing service. Silly Lula and China and Russia and co see the cost they incur, but think they can get a piece of the action by setting up such a swindle themselves. Europe invented the euro to try to get a piece of the action, but all they did was subsume their own local yokel currencies into the euro so didn't get a gain other than some transaction efficiency for citizens who no longer have to have lots of different currencies or incur lots of transaction fees when they buy things across their borders. Even though the US$ is not as reliable as decades gone by, it's still a better bet that the efforts of the competitors, so it remains dominant. Until something better is invented, people will continue to use the main swindling currency. Gold will not supplant it because gold is absurd, with vast costs in digging it, processing it, storing it and it is too small in quantity to become a major currency because the madness in digging for gold would go berserk if it became the currency. $10,000 an ounce in $2007 would be needed and that would drive people crazy. Mqurice