GOLD 0.51% $1,391.7 gold futures

Bank Watch, page-852

  1. 6,130 Posts.
    lightbulb Created with Sketch. 204
    Let us get back to banks , which implies trust in trade and currency.

    Tobacco was and still is a currency and is taxed to the hilt.

    If the Government can tax a " commodity " it has some " worth " to the people /traders.
    Governments rely on ATM amongst others " ratings agencies " whom are crucial in the recent GFC
    debacle.
    Am almost certain the ratings agencies would give a triple aaa rating to most tobacco houses.
    So the " banks " are most likely to " invest " in tobacco?!

    So trust in tobacco at least it is a usable commodity. Unlike fiat " money ".

    Cheers tob.jpg
 
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