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

To: d:oug who wrote (57832)	9/2/2000 9:44:55 PM
From: d:oug	Respond to of 116779

GOLD OR DROSS? POLITICAL DERIVATIVES IN CAMPAIGN 2000 gata.org Copyright 2000 - Reginald H. Howe More than a century has passed since gold and money played a leading role in the rhetoric of a presidential campaign. At the Democratic convention of 1896, William Jennings Bryan won the presidential nomination with a speech dishonoring the deeply held monetary beliefs of Jefferson and Jackson, thundering to the other party: "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold." William McKinley won and the Republicans promptly..... "Apres moi, le déluge." If a President Al Gore is at the helm during the upcoming financial storm, "Gored" will likely replace "Hooverized" as a descriptive term for political castration. But these unhappy outcomes are far from the rhetoric of the campaign. Each candidate promises to manage prosperity better than the other. Apparently oblivious to the extraordinary economic distortions built up over the past decade, neither candidate even hints at the possibility of hard times unless perhaps the other guy wins. In the event of victory, each is leaving himself and his party with little room for maneuver should economic conditions change for the worse. Yet the victory each seeks is likely to come with a dangerous political derivative: the chance to be crucified on cross of gold far more real than any imagined by William Jennings Bryan a century ago. Reginald H. Howe www.GoldenSextant.com row@ix.netcom.com