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John Young wrote: > To be sure, those who are dumb enough to have all their assets > tied up in the financial markets will always argue for keeping the > faith in the Ponzi. Well, there is also gold. See the history of the gold clause in the US as an illustration at http://www.ca6.uscourts.gov/opinions.pdf/08a0322p-06.pdf See also http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=us&vol=294&invol=240 not to mention gold mortgages in the former German Democratic Republic. But what does it have to do with "Chinese Pockets Filled as Americans Emptied", arent they emptied anyway? H. # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: http://mail.kein.org/mailman/listinfo/nettime-l # archive: http://www.nettime.org contact: nettime@kein.org