http://www.economist.com/finance/displayStory.cfm?Story_ID=426630&CFID=481421&CFTOKEN=71301190 "because the foreign-exchange markets have repeatedly demonstrated their ability to drive currencies into serious medium-and longer-term misalignment, with severe consequences for growth." This blaming foreign exchange markets for the actions of governments is usual for a statist rag like the Economist. This is not to say that in the short run capital moving across legal jurisdictions (countries) does not move the price of currencies. What? No mention of gold backing? This money thing sounds sooooo complicated ('cause that was probably the intent) that I'll just leave it to the experts and "blank out". "Thinking is man's only basic virtue, from which all others proceed. And his basic vice, the source of all his evils, is that nameless act which all of you practice, but struggle never to admit: the act of blanking out, the willful suspension of one's consciousness, the refusal to think -- not blindness, but the refusal to see; not ignorance, but the refusal to know. It is the act of unfocusing your mind and inducing an inner fog to escape the responsibility of judgment -- on the unstated premise that a thing will not exist if only you refuse to identify it, that A will not be A so long as you do not pronounce the verdict "It is." Non-thinking is an act of annihilation, a wish to negate existence, an attempt to wipe out reality. But existence exists; reality is not wiped out, it will merely wipe out the wiper. By refusing to say "It is," you are refusing to say "I am." By suspending your judgment, you are negating your person. When a man declares: "Who am I to know?" -- he is declaring: "Who am I to live?" " - Ayn Rand Bob --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
