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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Real Man who wrote (88182)	7/23/2002 1:43:10 AM
From: marek_wojna	Read Replies (1) of 116796

It is possible. I don't think there is too many economists prepared for serious deflationary depression. In 1930's China and other cheap labor countries were not accounting as producers for majority of everydays goods. Killing free trade might be the option, better one is dollar at 85 level but how States can achieve it? Rest of the world is so stuffed with US$ that any rise of their currency means their economy will tumble. US propably can write off all the existing corporate and individual debt and dollar still will be above 100. Technology, breaking up the unions around the world, free trade, electronic transfer of wealth, overproduction of everything might lead us to totally new economy which doesn't mean that present generation might benefit from it.

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