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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (74211)12/31/2010 1:51:34 PM
From: Maurice Winn1 Recommendation   of 74559
 
Amazing prescience Mq. <Meanwhile, it's 31 December now, with the sun well up, and the price of gold is bouncing between $1400 and $1405, as predicted 2 years ago by Mq the Marvelous. > Now that it is 7.46am 1/1/2011 which is an auspicious date, gold has taken off and is already up to $1421. Please tell us when you have made a prediction on what the US$ is going to do, relative to gold.

Meanwhile, I hope you have another great year in 2011. So far, so good and with multiple grandchildren due and nieces and nephews breeding like bunnies, things are looking very good.

Politicians around the world have observed that their wastrel spending has reached limits of growth and Malthusian solutions await. Borrow and hope, hope and change are the bywords for the next few years as debtly death looms large.
LORD POLONIUS:
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.

All state run fiat currencies are promises. Political promises are worth the paper they are written on. There is no political reason for electorates to honour their promises. On the contrary, the way electorates vote in their self-dealing consistency is proof of their intention to defraud. The politicians they elect are obliged to obey their electorates or find jobs more suited to their talents. The job of politicians is to rob savers and reward self-dealing voters. Politicians can't rob borrowers and bludgers. They can only rob producers and savers and as with the bank robber when asked why he robs banks, he answers "That's where the money is."

Mqurice
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