The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (954)	9/22/2003 9:33:56 PM
From: Jim Willie CB	Read Replies (1) of 110194

gold will probably never be used in monetary system again unless we enter a depression a gold cover clause would enable exit from the depression but only a depression would motivate such an extreme move WE OPENED PANDORA'S BOX IN 1971 no turning back, unless the system is destroyed I expect it to come close the best the Fed can do now is to engineeer a stagnation beyond all human expectations this stagflation will be much worse than the 1970 decade job losses will be worse also debt levels are around tripled what they were back then so the damage to the economy will be much worse / jim

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