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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Merritt who wrote (68282)	9/27/1999 11:43:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Merritt, >>The recent political manipulation of the gold market has been extreme, and extremely suspect. IMHO, there's been collusion between the Euro CBs and Clinton, with the effort aimed at debasing gold.<< I don't know if there's collusion and I certainly don't know who the players are if it exists, but I CAN identify who the winners and losers are in the further demonetization of gold. The winners are: The Federal government and politicians who will be able to finance their programs via inflating instead of having to make hard spending and taxing choices that will get them thrown out of office. Of course that would involve cooking the CPI books too. Wall St. investment banks and commercial banks that can make more reckless trading and lending decisions with the full knowledge that the Fed will attempt to inflate out of the bad loans and trades and the taxpayer will pick up the tab indirectly. (It's a wonderful wealth transfer mechanism.) The losers are: Everyone else! Wayne