17 Dec
2003
17 Dec
'03
11:17 p.m.
Perry wrote:
A digital currency can be backed by gold held in some secure location like the Zurich Free Transit Warehouse. U.S. Dollars are backed by absolutely nothing other than blind faith in the U.S. Governement. Who's kidding whom?
Banks are contractually obligated to turn over mortgage notes in exchange for U.S. dollars. These contracts are valid over approximately 30 years, and provide unencumbered title to valuable property. These and similar contracts may be said to give value to dollars independent of government promises. Hal