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To: long-gone who wrote (25440)	1/5/1999 10:29:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116752

Richard, The cash figure will only factor in as people began to withdraw it. Until then it is on "reserve" and not in circulation, which I guess technically is the same as having so many shares authorized to be issued, but only so many outstanding. But don't worry, before we get to the point where we see cash withdrawals impacting M1, we'll see a few major defaults overseas that will equate to incredible "destruction" of money. Regards, Ron