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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (13828)	7/12/2003 10:47:03 AM
From: Wyätt Gwyön	Read Replies (1) of 39344

monetary policy is effective for fighting inflation, a la Paul Volker Faber in his most recent letter suggested Fed policy under Volcker was not really the cure that it seemed to be. basically, he argues that inflation would have come down anyway, without Fed intervention. and perhaps now it will go up anyway, despite intervention. Faber calls 2003 the "mirror image of 1981". your view on the ultimate futility of credit expansion under present circumstances is a major theme in the newly published The Dollar Crisis. i think this is an excellent book for anyone interested in the coming collapse of the dollar and implications for gold. for perspective on the single largest contributor to our structural current account deficit over the past several decades, and a detailed look at the sterilization and absorption strategies adopted in response, i would also suggest the somewhat more esoteric Japan's Policy Trap: Dollars, Deflation, and the Crisis of Japanese Finance. amazon.com amazon.com

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