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Pastimes : A Jackass, his PAL(indrome), and GOLD
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To: orkrious who wrote (124)1/13/2003 9:43:52 PM
From: Jim Willie CB  Read Replies (3) of 1210
 
after reading portions of Puplava, reminded of 1998-99
we kept hearing about the extraordinary levels of debts
within Trez, corporations, and households
the common refrain was...

ANY RECESSION WILL KILL THE ECONOMY WITH A DEPRESSION
THE USDOLLAR WOULD NOT SURVIVE A SIMPLE RECESSION
ANY RECESSION WOULD ACCELERATE WITH DEBT COLLAPSE

now we have a frontrow seat to its slowmotion unfolding
it was expected back in 1998-99 after the devastation in the Asian Meltdown and Russian Default
now after the 1999-2000 Y2K Meltup, we have resumed the great worldwide meltdown

I CONSIDER WHAT IS HAPPENING NOW IN USA AND EUROPE AS A DIRECT DELAYED EXTENSION OF THE ASIAN MELTDOWN IN 1997, WITH AFTERSHOCK IN RUSSIA IN 1998

we are seeing an Asian-like meltdown all across South America
one by one, each South American economy is falling apart

all the Federal Reserve has accomplished is two major effects

1. a bigger recession/ depression than otherwise
2. a certain eventual recession/ depression

the best they can pull off is turning a likely depression into a monstrous STAGFLATION
the alternative standby worldwide reserve asset has sprung to the fore: GOLD
as the USDollar shows major serious deadly cracks

this is a repeated message stated many times
but I have to say it again, because it is relevant and true
as I see it

hey GOLD, rock on!!!
/ jim
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