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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (105391)5/29/2001 5:42:49 PM
From: Crimson Ghost  Read Replies (2) of 436258
 
Heinz:

An interesting quote from a recent article by Ex-Wall Street gadfly Michael Thomas reviewing Bob Woodward's recent book about Alan Greenspan.

""The American boom ..... is based on one large root cause ..... the virtual absolute hegemony of the dollar since the early 1990s. In its way it is the Microsoft of currencies..... Its market share is so great it can overwhelm errors of management that would have sunk any other circulating medium."

"The world is literally flooded with dollars to the point where there really is no viable alternative store of value."

The dollar bubble is far greater and more important to the powers that be than the NAZ bubble ever was. If this bubble goes down for the count, gold will soar beyond the wildest dreams of the gold bulls. But until then we are going to have a tough time getting over $300.
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