> Dollars are only worth what people are willing to exchange them for. > The dollar is accepted worldwide because of the stability of the US > Government, not because it is actually worth anything. When the US > falls into a deep recession the value of the dollar will not be much. > That is why the Fed is scrambling to try to stop it.
I don't get to this point. The dollar has value BECAUSE it is a debt token. All dollars in existence are on loan to somebody, from some bank, someplace. Because these debts have to be re-paid, the value of the dollar is assured. The Fed can trash the dollar only by loaning out MORE dollars, not by retiring existing debt. SnowDog --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
