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06-09-2003
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Members
Join Date: Oct 2002
Location: Houston, TX
Posts: 1,137
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Wig,
"Economic cycles have become more pronounced because we took away the stabalizing mechanism when we switched to a fiat currency." On that we can agree...I have always said that Watergate was unimportant; and that the worst thing Nixon did was taking us off the gold standard w/o substituting something else. Our dollar is now subject to world opinion, making it vulnerable to forces from within and from outside.
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