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Re: <nettime> Dollar Shift: Chinese Pockets Filled as Americans Emptied
Heiko Recktenwald on Wed, 31 Dec 2008 03:46:39 +0100 (CET)


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Re: <nettime> Dollar Shift: Chinese Pockets Filled as Americans Emptied


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.


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