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PeakOil is You

PeakOil is You

electronic transfers of zero's the problem?

Discussions about the economic and financial ramifications of PEAK OIL

electronic transfers of zero's the problem?

Unread postby topfuel » Sat 25 Oct 2008, 10:21:07

the lack of confidence is in the bank's spead sheets.
example:In the seventies cash was backed by gold but
not enough gold to make economies work so central banks
printed more money piles of it . 2008 the central banks
sends money electronical the spead sheet says eg. 5,000,000
no back up of cold cash ,just 5 and zero's.
No wonder there is a confidence problem!

electronic money won't work for me
if economy gets worst!
living on credit too bad, ha!
so let it be said so let it done
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