No foolin. Never could understnad why anybody was taking worthless paper, and still don`t. Fact is why would anybody take metals either. As they say its a token of echange, but what does that mean? even golld is no more and no less than a promise, of little intrinsic value. If gold jewelry has some esthetic value, but so does the dollar as wallpaper and toilet paper. Its all about integrity or the promise to return value for value. That never happens when there is a built in devaluation of 2 or more percent a la keynes.
The economy of the entire world is a Ponzi scheme. Its the guys running it who get and stay rich and the rest are left with bothing but complaint. |
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