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To: pageonetoo

Money is now a 'commodity' traded on the market.

It isn't a tradition 'IOU' as was given when you gave something to someone with a promise it would be paided in the future.

It is a 'good' that is traded in exchange for a product or service.

In and of itself, that is not a problem because it's easier to carry 'dollars' around then a truck load of chickens, or pigs or whatever you want to 'barter' with.

The problem comes when the Government decides it needs more 'bargaining power' and prints excess dollars which flood the market.

That drives the dollars value down, and in return, ends up hurting everyones bargaining power and reduces the value of their 'goods'.


20 posted on 07/23/2006 8:37:08 AM PDT by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: Bigh4u2

tradition = traditional


21 posted on 07/23/2006 8:38:02 AM PDT by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: Bigh4u2
...The problem comes when the Government decides it needs more 'bargaining power' and prints excess dollars which flood the market.

That drives the dollars value down, and in return, ends up hurting everyones bargaining power and reduces the value of their 'goods'.

Here in the US, we call it the "Federal Reserve" system. It makes that happen every new day!

24 posted on 07/23/2006 8:39:40 AM PDT by pageonetoo (You'll spot their posts soon enough!)
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