On Wed, Oct 1, 2008 at 11:06 AM, Charles Brown <[EMAIL PROTECTED]> wrote: > Laurent GUERBY : > As of Q2 3008, sum of about 51 trillions USD. > > Do the same for all currencies, and you have the total amount of fiat > money in the world. > CB: So, "we" have enough to cover the 700 billion + 200 billion + 85 billion > easily,and throw in a trillion to bailout a lot of debtors. >
The way I look at it is: almost all of this money is in the form of debt i.e. promise of future use-value. If we try to convert even a small fraction of it into use-value today, you'll end up with hyper-inflation. -raghu. -- "As a matter of fact, no, I don't have a life." _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
