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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (245839)	6/16/2003 9:55:28 PM
From: ild	Read Replies (1) of 436258

Date: Mon Jun 16 2003 15:02 trotsky (it is truly disturbing...) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved to see and hear day in day out the uncritical acceptance by various pundits of the Fed's efforts to 'reflate' ( i.e., create inflation, which is to say, destroy the value of the currency ) as something to be strived for, and indeed something that in their minds must be deemd a certain future 'success'. however, it takes only a smattering of common sense to realize that prosperity can never be the end result of printing more money - if that were the case, the third world would be a widely envied Utopia by now. what's more, these efforts are likely to actually result in an outcome that is the exact opposite of what was intended. as it were, recent data suggest that the 'reflation' effort is ALREADY failing, before it has even begun in earnest. note in this context this recent article by Saville, one of only a handful of economists out there who actually 'get it' , to use goldfish terminology: Will higher money supply growth help? news.goldseek.com

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