Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Zeev Hed who wrote (255)	6/7/2002 3:09:24 PM
From: Jim Willie CB	Read Replies (2) of 89467

Don Quixote might have bigger balls this time and his Windmill might have sold off most of its sails the Gold Cartel could be outmatched this time after 15 years of promiscuous behavior the Asians seem intent on busting the Cartel and might have the necessary resources I disagree strongly with abandonment of Bretton Woods it unleashed a torrent of misguided socialist spending all of which could easily bankrupt the western world have you seen any problems with financial world since 1997? unprecedented turbulence if you ask me federal and trade debts have resulted in well over $2000 billion to be controlled outside our borders now surely Central Banks could collude to protect their currencies but they have ALL combined and worked in concert to sell off their gold assets US about 50% England about 75% Germany about 35% our Strong Dollar Policy has backfired, Zeev it has essentially exported control over USTBond yield and USdollar value Central Banks cannot throw rocks if they dont hold them anymore defending the indefensible over 30 yrs costs many rocks pardon my multiple metaphors but I think the CB's, like the USGovt, has largely played their hand some weekend reading, if you wish gold-eagle.com damn, might be a bit long, and thus lost validity, ooops my real last name is synonomous with Wind, so forgive me / jim

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