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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (48865)	3/21/2002 3:12:24 PM
From: Jim Willie CB	Respond to of 65232

methinks Fed still doesnt understand how inflation occurs they talk consistently about growth causing inflation this is heretic, disturbing, inept, potentially disastrous price inflation is caused by excessive money supply growth last year they raised MZM by 20%, historically never seen sure, MZM must compensate for burned capital e.g. Enron debt, GlCrosseyes, KMart, Argentina, etc but $1200 billion more than covers it now FedMonkeys are issuing vague veiled warnings about raising rates I believe they are scared of prospects of renewed growth they see growth, and expect inflation so they cut off the growth they need to get shorterm rates back to 2.5-3.0%, no higher this is frightening cutting off growth prematurely will lead to stagnant conditions and with money supply growth, lead to simultaneous inflation this double edge mess is exactly why gold/silver are gonna skyrocket in the next 18 months how many of you guys thought I was nuts to expect much higher crude oil and energy prices by this spring/summer? even with tiny recovery so far, big jump in oil costs combine energy inflation with systemic inflation, and WOW !!! as investment environment becomes clouded by inflation, we will not be permitted the necessary growth to outrun it and thus stagflation will result we must have enough growth to produce more energy supplies we must have enough growth to produce more profits for investment in capital equipment conservative money will not be safe in bond securities it will find a path into gold & silver the next couple years are gonna be a rough ride Greenspasm will go down in history imho as the most meddlesome and destructive chairman ever / jim