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Politics : Stockman Scott's Political Debate Porch

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To: Wharf Rat who wrote (9882)11/29/2002 6:18:19 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
a decent explanation of the CATCH-22 GreenSpasm is in

gold-eagle.com

if foreign holders of our TBond debts get pissed,
the USDollar will enter a free fall

I expect it within the timeframe described by Sinclair
by June 2004
those nations most exposed to dollar declines are the most likely to be gathering more and more gold, which would be accumulated originally as a hedge for dollarized assets
but over time the gold would take on a life of its own

"The US is precariously perched on a rock overcrop of which the foundation is constantly being eroded through his policies."
/ jim
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