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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (15059)3/20/2003 4:15:13 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
by announcing intervention plans, they set up for failure
the govts and banks are not bigger than the open markets

where they plug the holes, other holes will spring

like with gold
they can hold down rates on longbonds
but that makes the dollar weaker

they can hold up stocks
but the added liquidity everywhere undermines the dollar

it is one big merrygoround revolving leaking dike
the one remaining pressure valve is GOLD
when China has enough
when miners have covered enough
when western bankers have had enough frustration
GOLD WILL RISE BIGTIME

a worldwide currency debasement is underway
if they keep long rates down uniformly, we will get eventual price inflation of a medium variety
in addition to having GOLD rise

/ jim
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