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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.21-0.4%Dec 18 4:00 PM EST

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To: Bobby Yellin who wrote (41982)10/4/1999 8:30:00 PM
From: Mark Bartlett  Read Replies (3) of 116815
 
Bobby,

<<If Japan is coming out of deep recession then that should help all world economies and take pressure off USA for holding up world..>>

I would like to attribute altruistic motives to the US for their global economic position - but who has benefited because the US took the position they did - the US, mostly.
Is has allowed them to ship inflation off shore.

The economic position the US holds has nothing to do with altruism - is has a lot to do with attempting to get the greatest degree of control, over the world's economy, as possible.

Europe and Japan want no more of it. If they had sat back and watched the dollar gain further strength, they would never have gotten control over their respective economies. It would have been open market for the US - while the rest sat back handcuffed.

Europe is still peeved that Nixon (in the 70's) severed the US dollar's connection to gold away. That's part of what allowed the present situation to develop.

MB

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