SI
SI
discoversearch

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 97.80+0.9%Nov 19 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ahda who wrote (13006)6/12/1998 3:03:00 PM
From: ahhaha  Read Replies (1) of 116764
 
The banks aren't internationally isolated. Bank mergers are just different names on different pieces of matter. Maybe that has some very small consequence on the merged entities profitability, but no one will ever be able to determine it, and no one would ever bother.

Don't be fooled by bank issuing debt or other such things. They don't lend more than they can support by law. All that you see and here in the media is stretched out of proportion to sell media. Proof? Several years in the future if you ask people about these significant events, they won't know what you're talking about. Same with the nightly news. No one cares tomorrow especially the visibly concerned newscaster. They'll be chasing some other ambulance tomorrow.

I don't believe the world has any significant economic problems. This is the truth as long as the world's nations continue to find cheaper sources of labor. This should go on deep into the 21st century as the socialist nations get rid of their 19th century hegemonies and come on stream and gradually learn the game of monopoly labor. Then you will have a bad situation.

The worst problem developing right now isn't Asia. They are already poor. The problem now is what nations can go from wealthy to not so wealthy? US and Japan. Given the FED procrastination, this could get quite unnerving and should provide the psychological background for the advance of gold. However this problem will subside and the price of gold after having been bid up to the major cost of labor downtrend, will subside too.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News