"Your point is well taken, but you made one small mistake there, JP. 1mdc does NOT expand the money supply in any way. -- Patrick"
In a way it actually does. Much in the same way a bank deposit or holding a <plug type="sales"> balance in a CF$ customer account </plug> does. You see, when you 'deposit' your e-gold into the 1MDC account, and your 1MDC account is credited, your e-gold is still there as well. When you then use your 1MDC account to pay for a purchase to another 1MDC account you are using FastGrams, rather than e-gold. While your FastGrams change hands, the e-gold doesn't. Hence, theoretically if all e-gold was depositted with 1MDC, then the money supply would double. Although in this particular case there is the 1MDC caveat that the e-gold shall never leave the 1MDC e-gold account, and hence have of the doubled money supply would not circulate. At CF$ things are entirely different of course, but we are USD based not AUG. Cheers, Robert. budget & privacy website hosting http://www.cyberica.net start a profitable online business http://www.cyberfrontier.biz budget domain registrations http://www.u2planet.com --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
