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TheLonger Term Implications of Basel III (January 2013) - Gold's Triumphant Return?
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<p>[QUOTE="Juan Blanco, post: 1604982, member: 41665"]Credit is Money? o.k., that's an admission at least. But isn't that a<i> contradiction in terms</i> - how can credit be money too? LOL And there's the Slippery Slope...</p><p><br /></p><p>Also: I cannot use Euros (cash) at any retail entities near me. And my Euro-denominated debit card "transmits" Euros, not USD correct? "Money" is a pure abstraction apparently.</p><p><br /></p><p>fwiw here's you're "agreement", medoraman (there are other non-US examples you might look for: viz., eGold) :</p><p><a href="http://www.youtube.com/watch?v=_qTBZS_Fmok" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.youtube.com/watch?v=_qTBZS_Fmok" rel="nofollow">http://www.youtube.com/watch?v=_qTBZS_Fmok</a></p><p><a href="http://upma.org/items/index/259/3" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://upma.org/items/index/259/3" rel="nofollow">http://upma.org/items/index/259/3</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1604982, member: 41665"]Credit is Money? o.k., that's an admission at least. But isn't that a[I] contradiction in terms[/I] - how can credit be money too? LOL And there's the Slippery Slope... Also: I cannot use Euros (cash) at any retail entities near me. And my Euro-denominated debit card "transmits" Euros, not USD correct? "Money" is a pure abstraction apparently. fwiw here's you're "agreement", medoraman (there are other non-US examples you might look for: viz., eGold) : [URL]http://www.youtube.com/watch?v=_qTBZS_Fmok[/URL] [URL]http://upma.org/items/index/259/3[/URL][/QUOTE]
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