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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (57341)	8/16/2000 9:31:37 AM
From: PaulM	Read Replies (1) \| Respond to of 116927

Well keeping it simple: 1. I don't believe in Republican/Democrat conspiracies. The political benefits of maintaining a period of debt creation rather than debt liquidation are obvious: both for politicians in the White House and Republicans in Congress. 2. Like all exaggerated financial booms, this one was created and maintained mostly because of Extraordinary Popular Delusions--affecting every institution from the cntral bank, the govt on down. At the sam time though, as in similar times past, the concentration of financial power among very few plays a role too. As does polticians decision to ptach things upo with short term fixes likely to explode on someone elses clock. 3. Doug, to see there is a major problem you just have to go back to financial basics and remember things like: what is a stock? why is a stock valuable? What is a trade deficit? What are savings? What is the nature of debt? etc.--basic principles ignored by everyone from the Central Bank on down.