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To: arete
Ping for later read. Hope it's not as boring as it looks. Fractional reserve banking dates to about 1500 AD. Without it we probably would not have capitalism, which after all, requires capital. Hope this isn't another "black helicopters" anti-Fed thing.

BTW: People who hate our currency are free to convert every cent into gold. Go for it and stop whining already.

5 posted on 02/19/2003 6:28:01 PM PST by Jack Black
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To: Jack Black
Hope this isn't another "black helicopters" anti-Fed thing.

One out of two isn't bad. Not a word about helicopters. If you haven't read the GURU before, you're in for a treat.

Richard W.

6 posted on 02/19/2003 6:36:32 PM PST by arete (Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
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