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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Broken_Clock who wrote (10799)	5/8/2006 12:38:23 AM
From: koan	Read Replies (1) of 78426

A massive creation of dollars by the US will eventually end up being inflationary. As the great John Kennth Galbraith one said: "the most effective means known to man of transferring wealth from the poor to the rich is through inflation". Bush from day one, has run his presidency with no economic advisors at all for all practical purposes. O'neil was an incompetant figurehead and snow is a pathetic figurehead. The reason is becasue Bush and especially Cheney wanted a feee hand to steal as much from the poor as possible and give it to their rich friends. It was/is class warfare. The VERY FIRST thing bush did was cut a trillion dollars or so in taxes for 1/10 of 1 percent of the richest people in the country. The next was enrich corporations even more. As mentioned, the congressional budget office has said this is the primary reason for the huge deficits. Putting the US back on an even keel might not even be possible now from an amortizing point of view; which only leaves currency devaluation!

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