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To: Tim Davies who wrote (40314)	5/15/1999 12:08:00 PM
From: TWICK	Read Replies (1) \| Respond to of 120523

New World Order ? Let's see how well the Euro does this year and let's see if Japan can really prove to the world that it can claw itself out of its mess. Not to mention Russia. What a pathetic display of leadership in that country. If we moved to a single currency, where do we, as a global community, run to for safety when there's no strong currency like the Dollar to run to. Gold ? Yea right ! Twick

To: Tim Davies who wrote (40314)	5/15/1999 1:43:00 PM
From: lee kramer	Respond to of 120523

Twick...yeah, GOLD. The only reserve that can't be counterfeited. 'Cause that's what ALL governments's do...they counterfeit, when it suits them, only it's called "inflation". But inflation is not rising prices...rising prices are a consequence of inflating the money supply. When this country decided to massively escalate the Vietnam War, beginning in '65 they had to figure a way to pay for it; they could tax us, but that was politically repugnant, they could "borrow" from us by suggesting we buy gov't. debt instruments...but this would, over time, be very costly...or, they could simply PRINT the money. And they did, boy did they ever. And what happened to prices from '65 to Dec. '97...they skyrocketed. So too did the price of gold. From roughly $75/oz. to $960/0z. Back on Aug 17, 1971 Nixon closed (by unilateral presidential edict) the "Gold Window" at the Treasury, where once dollar holders could swap their depreciating dollars for the more stable gold. He closed it 'cause there was a stampede by dollar-holders all over the world to "convert." For this alone he should have been indicted for perpetrating an "economic" crime. So yeah...Gold. Or a gold-backed currency, to keep the inflators somewhat in check.