(OT) Swiss' Lips pissed!

From: Habitant (berlutte_at_sympatico.ca)
Date: 01/06/04 

Date: Tue, 06 Jan 2004 12:40:37 -0500

http://groups.yahoo.com/group/gata/message/1828

Since 1971, when President Nixon unilaterally
defaulted on the U.S. sovereign obligation to pay an
ounce of gold for $35, with the exception of the
Swiss franc until 1996, there has been no escape
because, in accordance with the 1978 modifications
to the IMF's Articles of Agreement (Section 4-2-b),
no currency of any member country may be linked
to gold. All economic, monetary, and financial crises
of the past 30 years flow from the Nixon default.
==========================================
You wouldn't find any quarrels with this here illustrious banker,
would you now, Mr Goober?

First, *they* defaulted and have been printing *stuff* e'er since in
echange fer practicly free tangibles goods..

Stunning, reallly!

Oprah Digal

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