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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (41894)	7/18/1999 6:59:00 PM
From: Les H	Read Replies (2) of 94695

Interesting blurb about CPI manipulation Gold Price Manipulation or Exaggeration? pei-intl.com "We do NOT disagree that the floating exchange rate system has allowed national debts to explode and that at some point in the future there must be reconciliation with reality. However, such a collapse in society is not likely to come before the 2012 time period when the obligations of governments will be unbearable. In effect, the formation of the EMU this year is a step toward preparing for these serious default problems in the future. In France, there are plenty of guarantees by the government for your pension but there is no money set aside to support those guarantees. The French population has no 401K or private system that they can count on. This situation could spark the next French revolution when the population faces the fact that their pensions have only been political promises. The same is true in many regions of Europe. By banning together, Europe hopes to capture the capital that moves between the cracks and thus increase their revenues in an effort to reduce all future liabilities. A Federal Europe will be far better equipped to deal with the problems together rather than on a divided basis. By allowing the euro to collapse, they are in effect devaluing their future obligations, which is one way of getting out of the mess. You meet your obligations but you pay with a currency that is worth far less than it was at the point the promise was made. They then manipulate CPI in an effort to reduce any increase in liabilities by purporting that there is no inflation."

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