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Gold/Mining/Energy : Silver prices

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From: shelby3	10/3/2008 10:22:19 PM
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Silver: Up To 5x More Rare Than Gold: Detailed analysis of the data: goldwetrust.com The above article slam dunk refutes Gary North's fundamental assumptions. I am referring to this post: Message 24952172 " Gary North takes his gloves off and lets Ted Butler and Jason Hommel have it. garynorth.com " Another thought in general about the incorrect thinking in populace: ================ Warren Buffet's illogic money.cnn.com Buffet says that everyone is trying to deleverage, that US govt is the only entity large enough to borrow unlimited funds and releverage the global economy. He says the key is for govt to pay "market prices". I hate to say it, but Buffet must have a very low IQ. Can't he realize that what he just said is an oxymoron and impossible? How can the govt buy at "market prices" when the govt becomes the entire market? The market is saying the prices (for the junk) is too high, but the sellers are refusing to liquidate, thus the market is frozen. What is ludicrous is that the wisdom of the market is trying to deleverage from the fractional reserve banking system, but Buffet's illogic is that the govt should go against the market and force releveraging and continuation of the overleveraged fractional reserve banking system. And this time, Buffet will lose everything, because the leverage can not be inceased... Buffet had his chance, when he bought 128 Moz of silver back in 1998. Purportedly the powers-that-be told him to choose between his usury businesses (they threatened to cancel his insurance licenses for Geico in New York), or deleveraging to real money (silver). Apparently Buffet chose the usury path, and so he has no choice now (he couldn't find $5 billion of silver now). Buffet will live or die with the current over leveraged usury system.

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