Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Kip518 who wrote (23368)	7/26/2003 12:18:01 PM
From: lurqer	Read Replies (2) of 89467

Liked the comment about "be your own central bank". MARC FABER: The world is now at a fascinating juncture, because 3 ½ billion people joined the global marketplace and the capitalistic system as a result of the breakdown of Communism. There are so many crosscurrents. On one hand, they are producers and deflate the prices of fax machines, cell phones and PCs. At the same time, they are consumers. They will buy energy. They'll buy food and so forth. So they will push the prices of certain things up. I think in the next ten years, I would be long essentially, resource-based economies. I would even invest in Argentina today and Brazil because the price level is so low. I would invest some money in New Zealand, and in Australia, some money in gold in a safe deposit box, because I think the irresponsible central bankers force you to be your own central bank and have some of your own reserves. In general, Asian price levels are low. Real estate is low in countries like Thailand. lurqer

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