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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: zonder who wrote (267268)11/14/2003 10:40:07 AM
From: Rarebird  Read Replies (3) of 436258
 
<Yeah. It (Wisdom) comes from woman.>

There is a lot of Truth to that. However, I still think that "man is the measure of all things." (Socrates)

Nevertheless, the situation is quite simple in regard to Gold. On their own, the US financial and political powers that be cannot stop Gold. They are entirely dependent on the rest of the world to finance their trade and current account deficits and largely dependent on the rest of the world to finance (by buying - not SELLING - Treasury debt) their exploding government deficits. The rest of the world can short circuit the US economy and the US Dollar any time they choose, but they know that their own economies will suffer grievously in the backlash. They know too that they cannot go on supporting US trade, current account, and government deficits, and the longer they try, the bigger the bust when it can no longer be done.
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