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To: maxncompany who wrote (64433)12/19/2010 5:42:20 PM
From: koan  Read Replies (1) | Respond to of 233786
 
It is primarily, as you say, problems of power and self interest. That is a worldwide problem, and on top of that is Nassim Talebs point of the black Swans.

So now that we know that, how do we protect our wealth from hidden dangers and all that implies. The simplest way is hard money. I think the collection of hard money is not a transitory thing this time. Too much technial damage to all our previously reliable stores of wealth, i.e. stock and bond markets, or even currencies.

The doubts about all the economic stores of wealth has become grained and a systemic part of our reality going forward.

<<It's not about being smart enough, it's that the people in control of fiat money put their own interests ahead of the people, and even ahead of the country. There are people smart enough and responsible enough to run a fiat system. But do you notice they are rarely allowed anywhere near control of fiat systems? Do you think for one second that the FED, Wall Street and Washington would be in favor of a hard money system?
What would it take? "The end of the world," as Tom Sizemore replied to Jon Voight's request in "Enemy of the State."