"John R. Carroll" wrote in message
...

"Ed Huntress" wrote in message
...

"F. George McDuffee" wrote in message
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On Wed, 7 Jan 2009 17:58:40 -0500, "Ed Huntress"
wrote:

May your IRAs and 401Ks be filled with US dollars and not
spondulicks this holiday season.


Unka' George [George McDuffee]

George, there is only one US currency. It's the same currency no matter
where you have it.

--
Ed Huntress
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Then why are the banks, brokerages, insurance companies, and
other financial institutions screaming like a stuck pig when they
must convert their bonds and other securities from spondulick
valuation to real dollar valuation, otherwise know as "mark to
market" under Sarbanes-Oxley?

That's valuation, not currency. We have only one currency.

OK then Ed, it's really monetization and the good thing is that it isn't
inflationary.

That use of the term "monetization" really refers to exchanging something --
securities, in this case -- for money. In other words, they're sold.

Calling that "monetization" is really jargon for selling the asset. The
asset isn't currency. One may be disappointed at how much it can be sold
for, but that's just the value of the asset itself. It doesn't affect the
value of the currency.

--
Ed Huntress