From: "Doug Ramage" 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Housemarket rising - for the first time in a year??
Date: Fri, 30 Dec 2005 12:06:28 -0000


"abelard"  wrote in message 
news:ab6ar1daf24qn85cfj39agffbo7ag4buhl@4ax.com...
> On Fri, 30 Dec 2005 02:15:09 +0000, Richard Faulkner
> 
>
>  typed:
>>In message , abelard
>> writes
>>>>0.1% means nothing. Hometrack forecasts mean nothing.
>>>
>>> .1% means a substantial fall in the face of fiat currency...
>>
>>No idea what you mean, (fiat currency??) 
>>
>>presumably the 0.1% rise is a substantial rise in fiat currency
>
> the reverse...*if* i understand how you mean that....
>
> a fiat currency is a currency unbacked by real assets...
>    most currencies in the world are now like that to varying
>    degrees...
>
> the real value of fiat currencies fall steadily year on year (most
>   all of the time)
> http://www.abelard.org/inflation.htm
>
> regards...
>
> -- 

Although, IIRC, Central banks don't trust other Central banks' currencies so 
only settle in Gold?
-- 
Doug Ramage

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