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Politics : Ask Michael Burke

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To: Tommaso who wrote (42810)	1/10/1999 10:30:00 PM
From: Mike M2	Read Replies (1) of 132070

Tommasso, final part of David Tice's article gold-eagle.com addresses many of your questions. Yes the Fed will try to print their way to avoid depression but I don't think it will work -it hasn't in the past. Simply put in Austrian economic terms the bust is the inevitable outcome of the excesses engendered during the preceeding boom. I would recommend reading "The Great Reckoning " chapters 11 &12 by Jim Davidson and Lord-Rees Mogg. What the Monetarists overlook is impact of the credit creation outside the banking system on an unprecedented scale. So you want a safe place for your money -give it to me-g- I don't consider myself well versed in all the options but I believe gold & mining shares should hold a place in a portfolio in spite of all the attempts to bash gold. Actually I think mutual funds that short are also safe if you can stand the market moving against you but I cannot imagine the market not being down for the year -near term it may go higher. Many like the long bond -I don't I worry about rising rates due to a falling US Dollar but i could be wrong . many think I am always wrong but i like to think that I am early.-g- Time fer bed. I would like to elaborate on these points later. Mike

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