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To: Alias Shrugged who wrote (16526)8/24/1998 11:23:00 PM
From: Lucky Lady  Read Replies (2) | Respond to of 116764
 
Mike, the dollar is PAPER. The only backing is the full-faith
and credit of the US government. When Y2K hits the government
faith will be shaken.

The Federal Reserve's answer is to print more $...

People will want tangible commodities in times of stress...

LL



To: Alias Shrugged who wrote (16526)8/24/1998 11:41:00 PM
From: Ahda  Respond to of 116764
 
This is all logic but logic doesn't seem to apply in the market.
You have a competive Asia, China and for strange reason we have the clout of our dollar and terrible debt that seems to go unnoticed.