Dear Vince, >http://www.washingtonpost.com/wp-dyn/articles/A4281-2001Dec20.html
Your comment: "Of course we don't know of any other country that has done that," was extremely funny, not to mention poignant. I agree with Jim Ray that the situation in Argentina suggests business opportunities for the enterprizing in Argentina, although the government there appears to be determined to act in a fashion that is certain to repress much in the way of initiative. Gold backed currencies are clearly better money. The article notes that much of the rioting occurs in the poorest neighborhoods. As any thoughtful person can see, the poorest are most adversely affected by government policies of fiat money, bad fiscal management, and inflation, even when the currency is tied to a strong dollar. I wonder what might be the effect of a bearer instrument, such as a gold-backed certificate, akin in some fashions to paper money, being available for circulation in places like Argentina. NORFED has issued paper backed by silver in competition with the Feral Reserve notes with which we are all so sadly familiar. > People need good money to have a halfway decent standard > of living. True, indeed. And the poorest are the first to feel the lack of good money. One of the difficulties of bearer instruments has always been counterfeiting and the multiple-spend problem. An anonymous bearer instrument, such as currency, has this problem, that a counterfeiter or duplicator may create as much bad money as he pleases. Perhaps instead of a bearer instrument tied to a digital currency, we should contemplate a mode of communication to the reliable online services and shopping cart interfaces of digital gold currencies. Very nearly every store in the world has some means of communicating with credit card companies to validate credit purchases. Why not a similar device for connecting to a web site to validate at-store purchases with e-gold? It might expand the user base, somewhat. Regards, Jim http://www.Cambist.net/ --> your e-gold spends like goldgrams http://www.GoldBarter.com/ --> your free market http://www.GoldBarterHoldings.com/ --> our corporate site --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
