VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (51180)	5/9/2002 11:39:07 AM
From: Jim Willie CB	Read Replies (4) of 65232

Tim, you mix reality with dreamworld Enron didnt bring down the entire energy world neither will JPMorgan's upcoming near-death experience bring down the entire banking industry but it might foment serious structural change to the insanity behind the derivative industry JPMorgan is 5-7 times larger than LTCM in 1998 it underwrites 85% of all TBond futures I expect a shock wave to the mortgage market with higher shorterm rates that catch the Fed off guard you dont seem to gather the drift of the Gold Cartel game THEY HAVE BEEN DUMPING GOLD ON THE MARKET FOR 7 YEARS !!! it is not working anymore there is now a growing shortage of supply where do you expect a gold supply bailout to come from? the only sources I see left are the politicized morons at Intl Monetary Fund surely not China or any more by Europeans they announced in spring99 that they are done the Bank of England is down to a fraction of what they had in 1990 Bush has made it clear that a free market will clean up the decade of Clinton promiscuity and consequent bubble devastation the walk of JPM along the precipice will be very intriguing behind the scenes, plenty will occur Rubin last autumn was rebuffed, remember? he tried to help bail out Enron his Citibank took major hits also this is a true Pandora's Box the legacy of Clinton's Endless Parade of Bailouts must end I regard the 2000-2002 Stock Market and Economy problems as directly linked to the Asian Meltdown in 1997 the crisis circled the globe until 1998 and Russia's default two years later the USA was hit after a pause that entertained Y2K same storm, same problem -- FIAT CURRENCY WITHOUT LIMITS I dont think they could contain JPMorgan if they wanted to no, gold will explode, and it should, it must, it will this is a problem that extends far beyond the control of the Federal Reserve or the USGovt leaders that is what I love about GOLD so much it is a world entity, outside govt control forever all govt manipulations eventually fail heck, the US doesnt even control its own longterm interest rates anymore nor its USdollar's value we exported the control of each during the Clinton Era / jim

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