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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.28+3.8%Nov 28 4:00 PM EST

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To: Bobby Yellin who wrote (22833)11/11/1998 6:21:00 AM
From: John Hunt  Read Replies (1) of 116790
 
WHO are THEY (and WE for that matter)? By Professor von Braun Of “The Rocket School of Economics”

fiendbear.com

<< In talking to people about what's happening in the world of global markets, world finance, stockmarkets, the gold price, local economies, potential immunity to global events, etc., etc., one gets some very interesting comments.

It appears that after 14 months of turmoil in such areas as economic collapse, currency collapse, stockmarket declines, increased trade deficits, slowing growth, tightened credit, an aversion to risk, and political change nobody is actually concerned about the potential effects of more to come.

It appears that to most people everything is under control. The US economy is healthy, the US markets are stable, Japan has things under control, the IMF (now reequiped with fresh supplies) will once again ride to the rescue - this time Brazil and life will go on. “THEY” - whoever they are, apparently - according to the majority of people I have spoken to, have everything under control.

It is also noticeable that people also have this funny tendency to refer to their collective country group as “WE”. As in “we shouldn't have a problem, we can find other trading partners” or “we are such a small country it won't affect us”. ....... >>

:-))



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