<div dir="ltr"><div class="gmail_default" style="color:rgb(0,0,0)"><p class="gmail-m_-7231796767354751199gmail-p1" style="font-family:arial,sans-serif;font-size:27.2px;color:rgb(34,34,34)"><font size="4">And if there is not to be a French style revolution complete with guillotines you'd better not have the payments to 62 welfare queens equal the payments to 3.5 billion people. </font><span style="font-size:large;font-family:arial,helvetica,sans-serif"> John K Clark</span></p><p class="gmail-m_-7231796767354751199gmail-p1" style="color:rgb(34,34,34)"><font face="arial, helvetica, sans-serif" size="4">This economic illiterate wants to know just how employee-owned companies fit in to our future. Prima facie it looks like a good model. All employees would get to vote on the distribution of money including the CEO's pay. Maybe we should be finding ways to encourage this.</font></p><p class="gmail-m_-7231796767354751199gmail-p1" style="color:rgb(34,34,34)"><font face="arial, helvetica, sans-serif" size="4"> bill w</font></p><p class="gmail-m_-7231796767354751199gmail-p1" style="font-family:arial,sans-serif;font-size:27.2px;color:rgb(34,34,34)"><br></p></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Fri, Sep 30, 2016 at 11:37 AM, John Clark <span dir="ltr"><<a href="mailto:johnkclark@gmail.com" target="_blank">johnkclark@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><span class=""><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:arial,sans-serif">On Thu, Sep 29, 2016 at 7:27 PM, Dylan Distasio </span><span dir="ltr" style="font-family:arial,sans-serif"><<a href="mailto:interzone@gmail.com" target="_blank">interzone@gmail.com</a>></span><span style="font-family:arial,sans-serif"> wrote:</span><br></div></span><div class="gmail_extra"><div class="gmail_quote"><span class=""><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<p dir="ltr"></p><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div>The entire value of fiat currencies is dependent on a belief in the issuer to make good on their IOUs. <p></p></blockquote></span><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">That is precisely true.</font></div></div><span class=""><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir="ltr"> </p><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div>What is going to happen to interest rates if the world loses faith in a particular currency?<p></p></blockquote></span><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4">If people think their IOUs will not be honored Interest rates will trend toward infinity and the currency will collapse; and if the currency is the dollar then the world economy will collapse with it. That is why I can never forgive Republicans from coming within minutes of defaulting on its debt on October 16 2013. </font></div></div><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4"><br></font></div></div><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4"> John K Clark </font></div> </div><br></div><br></div></div>
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