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

To: d:oug who wrote (63327)	2/5/2001 2:07:07 AM
From: Rarebird	Read Replies (1) \| Respond to of 116753

I'm sure you may know, but in case you don't know I'll be happy to let you know that by parroting Gata you let us all know that you don't know. How can you know when you don't know? Did you know before you know? What then did you know? You presuppose that you know how to know. Did GATA teach you how to know? Or, do you know that you do not know? If you know that you do not know, then you would claim ignorance in what you know. But you assume to know not only how to know but what to know. Why do you think what you know is good and what you don't know is evil? It may very well be that what you know is evil and what you don't know is good. Why do you assume to know when you don't really know?

To: d:oug who wrote (63327)	2/5/2001 7:44:31 AM
From: d:oug	Respond to of 116753

While at Bill's Cafe, A Thought Experiment: Central Banker's Nightmare Le Metropole Cafe a.k.a. Bill Murphy ChairMan of GATA The Dos Passos Table Guest Speaker, Topic du Jour A Thought Experiment: Central Banker's Nightmare By Azteca de Oro On our last economic snapshot essay, we were quoting a Great Central Banker, who argued for full reserve coverage of liquid deposits... ... he qualified current fractional reserve practices as crisis factors and argued for a... ... the smoking gun points to a certain faction at the helm of the gold cabal. ... the gold price manipulation will fail in the end, as all manipulations do. What can we do? We can hope that our thought experiment is flawed, or we can save for a rainy day.... Back to reality. The central banker I mentioned at the beginning of the essay is Guillermo Ortiz, governor of the Banco de Mexico. ... he is implementing at least two preventive policies: 1) Levels of reserves are being raised throughout the Mexican banking system. 2) People are being encouraged to save for a rainy day in silver. These savings diminish the money supply, reduce inflation, and encourage the productive use of the remaining money supply, so that gross domestic product growth is real growth. When and if our hypothetical depression hits, Mexico's banking system could be truly resilient, for it would be theoretically close to being "run-proof," and the people of that country would have... Go, physical gold. Go, GATA! -- Azteca de Oro. Disclaimer: The information presented by the author is not intended to be used for investment purposes, and it may contain errors. It is intended only to give the reader an eagle's view of the state of the economy and/or energy markets, as perceived by the author. It reflects the author's opinion and no representation as to the accuracy of this data and/or opinions is made, as it may reflect on the bias or interpretation of the author. However, to the best knowledge of the author, the data presented is accurate.