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To: marcos who wrote (71493)12/7/2009 3:42:38 AM
From: Maurice Winn1 Recommendation  Respond to of 74559
 
Quite right Marcos. Money is about trust. The Federal Reserve writes on the money "In Gold We Trust". No wait, that's what they used to write. Now it's "In God We Trust".

Even if people notice the dropped letter, the sentiment appeals to a lot of people. But imagine the Federal Reserve officials having a meeting and praying "Omigod, we are in deep doo doo. Please God, we are hoping you can come up with something because we are all out of ideas other than to run the printing presses flat out. We trust in you Dear God. Please, let there be light of the bright idea kind." It would take some convincing for me to think that God is indeed spending a lot of time ensuring the US$ is trustworthy. It's a bit like Boris Yeltsin said "Presidents don't do chickens" when somebody wanted to discuss hen production, eggs or something. God perhaps doesn't do dollars.

I'd rather trust in something and somebody a bit more trustworthy than self-dealing politicians, greedy and ignorant electorates, profiteering Federal Reserve banks, and those holding the promissory notes.

Given the propensity of people with the opportunity to do so to rob others, it's amazing that the Bernie Madoff style US$ Ponzi scheme has continued as long as it has.

Mqurice



To: marcos who wrote (71493)12/14/2009 10:19:54 PM
From: Snowshoe  Read Replies (4) | Respond to of 74559
 
Hi Marcos,

I'm eyeing GDXJ, the new junior gold miner ETF that commenced trading on November 11. Max range since then is 24.65 - 29.69.

I figure ~20 would be a good place for Mq to don the Aztec garb and buy in, on a POG retest of ~1K. What say you?

snowshoe@changingsubject.com