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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: Tom Gordon who wrote (1301)6/6/2002 6:26:53 PM
From: craig crawford   of 1643
 
>> So, the U.S. which has been preaching to the world about free trade, now appears to be leading the world in the opposite direction. <<

great! count on the u.s. to do the right thing.

>> The two headlines above, which talk about bills that provide trade protection for the American farmers and the steel industry are two excellent
examples of how we are repeating the same kinds of mistakes that were repeated during the last Kondratieff winter, namely during the 1930's. <<

ignorant statement. tariffs didn't cause or exacerbate the great depression. even one of the the most famous free trade economists milton friedman admits as much.

>> The American banking elite, which has really gained control of American society, <<

well he got this part right. are bankers protectionist? far from it. they are internationalists and globalists.

>> has prevailed in rigging the gold price <<

all commodities have sucked for the past couple of decades. i don't see why everyone believes there is some unspoken conspiracy to rig the price of gold lower. yeah there are a lot of gold shorts out there for good reason. many other commodities have been shorted heavily for the past decade because they were headed lower. big deal.

>> But if the price of gold had simply been allowed to rise to the $500 or $600+ where it belongs, it would be far
less necessary (politically) for the U.S. to impose trade restrictions. <<

free trade is one of the main problems with america, not the price of gold. i'm going to laugh when gold is at $500 or $600 and america is far from fixed. then what will this guy's excuse be? we need to see gold at $2000 to make america better?

>> Why would the dollar suddenly weaken? Because a huge number of dollars are owned by foreign interests who have invested their trade surpluses into the U.S <<

gee, why do we have such huge trade deficits? because of all this free trade baloney? ya think? sounds like the cure is to quit financing america's prosperity with foreign investment, not run-up the price of gold so you can sell more newsletters.
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