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To: BlackJack
A VERY sad story...for these people. I have followed this story for some time...and you have to feel for the people. One can only pray that the Governments in these countries stop playing games and start figuring out how to run their economies. It is a tragic story for those who are losing their life savings. These are good people.
5 posted on 09/14/2002 11:05:09 PM PDT by Lucas1
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To: Lucas1
One can only pray that the Governments in these countries stop playing games and start figuring out how to run their economies.

Well that's the problem, isn't it. Their government is trying to run the economy, when in fact, economies run themselves.

All a government can do to "help the economy" is to enforce just laws against force and fraud. Anything else is counterproductive.

"Whenever destroyers appear among men, they start by destroying money, for money is man's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, and equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn.'
--Ayn Rand, Atlas Shrugged, 1957

17 posted on 09/15/2002 6:59:19 AM PDT by snopercod
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