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Gold/Mining/Energy : Churchill (CUQ), PE of 3! -- Ignore unavailable to you. Want to Upgrade?

To: Michael M. Cubrilo who wrote (75)	10/29/1998 12:00:00 PM
From: speculatingvalue	Read Replies (1) \| Respond to of 264

I'm afraid the real estate market is soft here, but the project Stuart Olsen (a subsiduary) is developing seems to be coming along well. It is a huge complex next to a sky train station (driverless transit) and the Metrotown / Metropolis mall. I don't know what else they are up to and am not currently a cuq owner. The company seems to have a lot of potential based on their current revenue and debt position, though. "Printing money" doesn't work with the current system of floating exchange rates, but it used to be common in the past. Devaluation should only occur if money is printed in excess of demand. For example, if an economy is twice is big, it requires twice as much money. The old way would be for the government to directly increase the money supply. The new way is to set low interest rates to encourage borrowing. Since the banks don't have to back deposits by 100%, they effectively can lend out money that doesn't exist. This creates new money. Then our government borrows it. Go figure.