Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Mike M2 who wrote (8944)	11/7/2002 11:23:23 AM
From: Jim Willie CB	of 89467

Fed existence, unbacked US$ -- forces all to gamble we must as a result place lifesavings bets against various outcomes, all of which contain risk the trouble is that the cycles are getting wilder each time like 1997 Asian Meltdown like 1998 Russian Default with LTCM death like Y2K Bubble in Stocks now 2002 Deflation the volatility has increased, raising risks for each bet made the Fed attempts implicitly to force money out into the open where it often is seized and captured by more skilled gamblers and manipulators like the Strong Dollar carry trades (gold, yen) difficult times will get even more difficult imho / jim

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