Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron Wilkinson who wrote (4263)	12/16/1997 12:27:00 PM
From: Ronald P. Margraf Sr.	Read Replies (2) of 116759

Hi Ron, Your argument is well taken. The Clinton administration has been doctoring the numbers for years. When they don't look good to the public, they change the way in which they derive those numbers. We are all living in a room of mirrors, a house of cards. The administration is leading the public to beleive that everything is fine by being able to bail out these Asian countries. Ask the proverbial question. Where is the money coming from? The printing presses are working overtime, producing what? Paper. Backed by what? Scudded reports of the economy, employment, ect. ect. If you look at what is happening to the average homeowner and compare it to what was prior to the 28/29 crash the simptoms are the same. Home equity loans that are as high as 125% of the true value of the property. The same as an open end mortage of the 20s. There is no equity value left in the properties. Folks today that are in the markets are on margin accounts, not cash. If the markets drop, accounts have to be settled. Where is the money going to come from to cover the accounts? Same scinerio with the Clinton administration with the IMF bailouts. If the Asians fail to repay the bailout loans, where is the money going to come from to pay back the US treasury. The Clinton administration is bankrupting the government by extending lines of credit that is doesn't have. It is all done on the premis that they will pay us back. There are no guarrentees here. None whatso ever. Consumption has its limits. When those limits are attained there is no more growth. No more new money coming in. Therefore there is no payment of debt. Correct me if I am wrong. Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next