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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (50869)1/23/2006 12:45:51 AM
From: kris b  Read Replies (1) of 110194
 
Succo on Suckers:

Very nice post. I don't know where you get the idea that I am gold bug. As a matter I am not, and I lost a lot of money proving it, by shorting gold miners in 1993-95. I learnt that gold is traded on emotions nothing else. I could care less about gold. My question is, what is going back the paper when confidence evaporates. I don't know. We are just debating theoretical scenarios at this point.

"the richies bought up assets at FIRESALE prices"

I agree that when the next crisis hits there will be a massive transfer of wealth from the old guard to the new one. I just want to make sure that I am aligned with the latter.

Maybe 1929-1934 was engineered so that the young lions could kill the old ones.
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