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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever??
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To: Bill Murphy who wrote (8)1/14/1999 6:59:00 AM
From: Mark Bartlett  Read Replies (1) of 309
 
Bill,

Good Morning ...... << But when the derivative blow ups start again and defaults pick up, they should lose control of the situation. >>

I am hoping this is the case .... I have become increasingly cynical about what governments will do in times of crisis ...... including halting trading of gold.

On another note .....

I do not buy the IMF and their goal of helping out countries in trouble ..... a high gold price would help many of these countries as much or more than anything else ..... as long as the US wants domination over the worlds' economy, with Dollars as the reserve currency (hence the creation of the Euro and I suspect soon, something equivalent out of Asia, as competition ), getting these countries back on their feet will be increasingly difficult. IMHO the IMF does not want these countries' economies to improve .... they want just the opposite .... then they can pick their assets up on the cheap. Why would you want to increase the strength of your competitor's economy, when you can own it.

In the end, if the only strong economy in the world is the American economy, there is going to be a lot of anti-American sentiment ..... may end up as America against the rest of the world. I suspect many are seeing/feeling this already. In the end - not a healthy thing.

Best to you .... and good-luck to all of us goldbugs.

MB

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