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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Ron Pitts who wrote (8038)10/27/1997 12:26:00 PM
From: virginijus poshkus  Read Replies (2) of 10482
 
ron, good to hear from the northern kingdom. what we are witnessing is a major catastroph precipitated by the cb's who are selling gold. I say this, if gold is worth selling, what is worth keeping? nothing. they have a 1.75 interest rate in japan for 1 year and .5% on short term rates, this is deflation. their economy is in shambles. if it was not for the us they would be in a major depression. the world will find out that the stupid bankers who manufacture money from their hot air and lend it for projects the world over without assessing worldwide demand and the supply will be collapsing like a house of cards from their participation in world wide loan packages. ask citibank what they will write off? watch the banks in the far east sink faster than an arian rocket. so, by being able to print money without gold backup gives a country a license to fund uneconomic projects the world over. not to be political but the nafta and the wto and the freetraders will reap what they sow. and that is a major depression coming soon to a neighborhood near you as most companies in the US will be competing with companies abroad selling below cost because of currency translation. alan greasepan and robert rubin are shitting in their boots. secondly, US companies are blackmailed in exporting technology and they are to blame too. well, you all get the picture.

vargas

vargas
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