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Politics : Stockman Scott's Political Debate Porch
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To: t2 who wrote (612)6/24/2002 9:59:42 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
golds could be used to produce cash for other margin calls
but only to bring about small and medium golds corrections
that is my expectoration
seen already some in last two weeks

imagine an entire city trying simultaneously to jam into a large football stadium
that is what I expect for investment world into golds
siren calls will assist during gold desk derivative blowups

nice to hear Canada runs a federal surplus
didnt know that
I thought it was a shrinking deficit
way cool
that is an added 10% coming at least to Canadian golds
nothing contrary within currencies, ever

in 1929-1932 golds rose 1000%
e.g. Homestake, check it out
then in 1932 FDR confiscated gold
THAT WILL NOT BE REPEATED, not now
for simple reason that the dollar is held 40% abroad
WE ARE NOT IN CONTROL OF OUR DOLLAR OR OUR BONDS ANYMORE
the Fed has ceded control
we are now Japanized !!!
/ jim
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