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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (1615)	11/21/2000 12:28:26 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 4409

>>I believe politically it will be untenable in the long run and the government will again swing back to redistributing wealth... ie. running deficites and debasing the currency.<< DAK, Isn't the US still one of the largest debtor nations on the planet? With the trade deficit rising fast, doesn't that make things worse? How long will the Japanese, Germans, Chinese, Arabs etc continue holding onto US debt which is represented all over the world by a US dollar bill (an IOU that has been over "printed" a few trillion times) <g>? How long will the Arabs accept US$ for oil? Are all those hypothetical dollar bills printed on cotton paper or are they just electrons floating in some bank computer? Maybe a few Arab princes should go to the bank in NY and ask for their money in cotton paper <g>. Do they print them in million dollar notes now? A nice little market correction could always wipe out a few of those electronic IOUs and the printing press wouldn't have to work overtime. I sure hope that 1% of what is due with the US IOUs in circulation buys some gold or silver one of these days- there won't be enough to go around. On a side note- I heard a rumor in Denver last week that Hecla is interested in selling their industrial mineral assets to get some capital to throw behind precious metals. Do they know something we don't? Bruce