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Personally, reference gold & silver vs. paper "IOU Nothings", history
shows that currencies generally lose their value within one's lifetime.
According to Ludwig von Mises, "Government is the only agency that can
take a valuable commodity like paper, slap some ink on it, and make it
totally worthless."
---
DS
Dick Webb wrote:
>
> Charles,
>
> 1) There doesn't need to be a consipirisy to get
> people into debt. People do not learn proper money
> values for the most part. Most have little
> understanding of natural cycles....herd mentality.
>
> 2) Y2K...The "experts" will tell you to watch out for
> the embedded chips and that they can ruin us. I can
> count on one hand the number of embedded chips in my
> house. So what if my VCR doesn't work any more.
> (Is it time to invest in VCR Sales?)
>
> 3) The end is near stock up on food. This was the call
> of 1979. This type of hype often is heard the loudest
> during an extreme market swing. In 1979 I filled my
> garage with $1,400 worth of dehydrated food. In 1982 I
> gave it away to the food bank. In 1979 i made a mint
> in Silver futures. What market is up now?
>
> As a general rule it is a good idea to have a weeks
> worth of food around the house. In the normal course
> of events I have that much anyway. Reserve water is in
> my water heater and swimming pool.
>
> Investments in silver....yeah right who will take
> silver in exchange for food today? What makes anyone
> think that someone will take it during a panic.
>
> Gold...I have a one ounce coin can how many apples
> will
> you give me for it? I only want 10 apples ...What will
> you give me for change?
>
> Foreign accounts.....In the USA we are Y2K paranoid
> and the rest of the world is not...Why would I put my
> money over there.
>
> Accounts here....Have several months of statments.
> Open up a few new savings accounts. If one bank has
> problems maybe the other will be open.
>
> CASH...Greenspan is printing several billion extra
> keep a few thousand just in case. He is the best thing
> that ever happend to this country. He has radical
> ideas like pay down the national debt and reduce
> taxes.
>
> In closing FDR had it right
> The only thing to fear is.........
>
> Good Trading
> Dick
>
> ===
> Big Lucky Dick
>
> _________________________________________________________
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--
Douglas
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