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To: sand wedge who wrote (2345)	8/31/1998 9:01:00 PM
From: waverider	Respond to of 14427

>>I think the real question is, when will people feel comfortable enough to invest in mutual funds again<< After they get home tonight, not for a very long time. <H>

To: sand wedge who wrote (2345)	8/31/1998 9:05:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 14427

sand...that's what I thought. Then i came to this realization: If i buy a car for 10 grand and drive it for a year and then you buy it from me for 5 grand, where did my other 5 grand go? To the car company or to a finance company. probably to the finance company. Then eventually, the $ filter through the chain of banks till the IMF or World bank or CCI gets a hold of it and dumps it into a "bad" loan...then we get the mysterious "writedown" or "restructure" the debt....read it as the $s vanish since the country, business or whatever, never has to repay and as the money supply keeps getting inflated and purchasing power decreases....eventually you just have less. Read Alan Greenspan on the FAME site for an overview of fiat currency. Quite intriging commentary from AG. I posted DH a link last week from FAME that is also an excellent read on why gold is the only "true" currency. I guess that's why the term "paper profits" was "coined".-g-