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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (2459)	1/7/2003 10:29:35 AM
From: Jim Willie CB	Read Replies (1) of 5423

Austrian School believes money supply must accelerate just to maintain a constant (no growth) level of economy when a debt-ridden economy suffers from its late-stage debt suffocation i.e. now in USA since 1995, a whopping 4.5x as much money was created as GDP activity was generated this indicates a slipped transmission, if I heard one 76% of US GDP activity represents debt service now as the acceleration in MZM continues, the USDollar will die nothing is so simple, nor operates in a vacuum the Japanese and Europeans will react in their own way they will also debase their currencies the more balanced the currency destruction, the more monumental will be the rise in GOLD before 2003 ends, Europe's desperation and federal debt rise will become more clear and impressive all in time by the way, WashDC and NYCity are abuzz with the new $600B Bushy Recovery package they dont realize that the economic response will be temporary and fleeting just like Japan's numerous such packages but the effect on the USDollar will be extremely rough $1 trillion federal deficits will have to be financed and largely by foreigners, when rates are low and dollar is declining !!! / jim

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