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<p>[QUOTE=&quot;Juan Blanco, post: 1572982, member: 41665&quot;]I thought money was store of wealth? Anyway, not sure I agree with that (here &amp; now;anymore.) From a modern, civilized, Western, financial standpoint, that WAS true when &quot;money&quot; was primarily a <i>tangible </i>(not just &#039;credit-based accounting&#039; notes). The reality is, over the last ~100 years money has become more and more an abstraction; with that process, wealth too has evolved into - what? an expression of power perhaps? I&#039;m still grappling with the ideation of money, but the &#039;Paper Faith&#039; thing really does read like a bad joke. OF COURSE the Paper must fail (again &amp; again &amp; again) !</p><p><br /></p><p>Now that credit cards are effectively/functionally &quot;money&quot; we must admit the significance of thetangible (gold coin, paper bills) is almost moot. We&#039;re living in the purest credit- and derivative based system in human history, physical money is almost irrelevant now. Until the Zero Hour, anyway.</p><p><br /></p><p>Think of PMs as powercash, held in reserve, and you&#039;ll always have <i>something </i>when the joke&#039;s been told again.[/QUOTE]</p><p><br /></p>

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