To: steveegg
One of the main reasons why the US economy is respected (and other countries' economies aren't) is because the feds have never defaulted on a debt. If you believe that, can I have your old Gold Certificates at $20 per ounce?
The "feds" have defaulted on 95% of the value of the original US dollar.
To: John Locke
"Inflation" is different from "default".
16 posted on
02/03/2005 5:03:30 PM PST by
steveegg
(The secret goal of lieberals - to ensure that no future generation can possibly equal theirs.)
To: John Locke; Capitalism2003
BTW, let me guess that you two have significant gold holdings and are looking for a guaranteed rate of return that beats inflation.
17 posted on
02/03/2005 5:04:21 PM PST by
steveegg
(The secret goal of lieberals - to ensure that no future generation can possibly equal theirs.)
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