On Wednesday, September 17, 2003, at 11:28 AM, Asiana Gold wrote:
"Have people considered the problem of what will happen when systems like e-gold really take off in a big way?
Then US fedgov will demand a back door to monitor transactions, impose various "Know Your Customer" and "PATRIOT"-related regulations, and probably demand a cut of the action.
If these organizations end up buying a *lot* of gold it could drive the price
up I assume, unless the supply is so huge that it
doesn't matter. I don't think it's necessarily a bad
thing, but it could then accelerate a movement away
from fiat currencies, exacerbating the problem and you
could get a kind of runaway appreciation until the
price of gold stabilizes at some level, though I don't
know what that would be."
If it actually comes to the point where it threatens the fedgov's fiat token "money," then fedgov will declare it a national emergency. This kind of thing has been done before, and succeeded with widespread popular support:
<http://www.financialsense.com/stormwatch/images/2003/catalyst/ EO1933.gif>
My customer has joined this list and would value your thoughts on his question. Thank you.
Your customer should now that the US fedgov is a racket and they have lots of drones with guns working on their behalf. They also have the support of a compliant and easily alarmed populace with no respect for fundamental property rights.
-- Patrick
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