Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	9/29/2007 9:58:23 AM
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It is the beginning of a world-wide economic depression, possibly much worse than that of the 1930's. The falling T-bill rate must be seen as a sign of the government of the U.S. and the Federal Reserve losing their battle against deflation. We have reached a landmark: that of the breaking up of centralized and globalized credit, the close of the dollar system. Ben Bernanke is lying to the people in stating that he has the authority to print and air dop FR notes in order to fight deflation; the notes must be collateralized ----how are they collateralized? -the financial press is lying to the people in parroting the propaganda line that gold has been demonetized; gold is still used as collateral for FR notes They can only create Electronic Money! Antal E. Fekete safehaven.com Nice read. This is a very important peice of the puzzle and many are missing it. They can create all the M3 they want, but it is electronic, to create actual paper (FR notes) - they must have the gold in place to print them. And what he is saying is that more banks will not trust the electronic stuff due to the derivatives time bomb but demand C A S H! There is not enough cash to go around! THERE WILL BE NO TRUST IN ELECTRONIC MONEY! Read on. West

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