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

To: Jim Willie CB who wrote (48999)	3/26/2002 9:30:05 PM
From: jmanvegas	Read Replies (2) \| Respond to of 65232

JWCB: You appear to be running the liberals off the porch. (g) Who gives a rat's ass I say. Keep up the excellent posts. I'm diligently reading all of them. Very informative. I'm sure you've heard about the Waste Management fraud scandal with Anderson ties. How many more of them are out there? What a friggin collusion between the Street, the government, and corporate America. A total bunch of pathological jokesters. Anyone believe there's no inflation like the government wants you to believe. Just check out the gas prices day to day. Every day I see the gas attendants climbing their ladders with their poles changing prices upward. Postage going up 9%. Allstate raising auto insurance rates in a number of states. NJ raising state taxes. Power going up 10% in Nevada - they wanted a 25% increase but the state government stepped in thank goodness. I could go on and on and on and on and on. Now the Feds are going to adjust the CPI to better reflect the "true underlying" inflation rate. You know what that means. Lower inflation according to the Feds. I love it when a Fed governor comes out and says we see no need to raise rates like what happened today. That means one thing - the government presses are running 24/7. They need to prop up the capital markets to pay for the war. If they don't, all hell is going to break loose. The fact of the matter is that Bush's defense budget increase is not a one-time thing. It will now be imbedded into the budget for a very long time. And fighting wars is inflationary. I have a real uneasy feeling about paper assets of any kind. I know you emphatically do. I read a very scary article regarding the fate of Israel. The "Axis of Evil" speech was no bullshit. Scud missile technology developed in N. Korea, sent over to Iran, and already in the hands of the Hezbollah in Lebanon. They're getting ready to destroy the Israeli cities. Former foes Iran & Iraq having friendly discussions with one another. Iran giving sanction and training to Al-Queda ready to assault US forces in Afghanistan. All of the above getting ready to rain havoc on American interests in the region. The US population in denial and very complacent. Essentially, we have our heads up our asses. IMHO, the shit's going to hit the fan. One last thought. All the liberal bullshitters and media out there who think for one moment that there's going to be peace in the Middle East have their heads in quicksand. IT AIN'T GONNA HAPPEN!!!!!! Of course, the Saudis would love to have Israel go back to its 1967 borders. It would be akin to the Warsaw ghetto. Put the Israelis into a smaller land mass - it would be even easier to take them out eventually. What does this mean to the price of precious metals and commodities in general? I don't need to tell you. You've figured it out already. Good luck and keep those posts coming. jmanvegas

To: Jim Willie CB who wrote (48999)	3/27/2002 11:16:35 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 65232

Silverback...do you thin the Au is being consumed (used up), or just being hoarded as coins or jewelry? Ag is consumed,in a variety of forms,and lots of times can't be economically recovered. You know the products better than I do, but there is loss in photography, dental work, tossed out electronics, etc, so that , over time, the amount of silver available in society and in the ground decreases. The only major losses for Au which I can think of is all the wealth Davy Jones has acquired over the years, some dental loss (loss, not floss), and maybe a bit in electronics; the rest is still there, altho maybe not visible. Also, Americans are no longer used to the idea of gold as the universal standard. Too many years of total acceptance of paper which they feel represents the US. I don't really know how to put into words exactly what I mean, but anyway, people trust the paper, and it has been a long time since the daze of double digit inflation . Fortunately, we have never had bad inflation here (but that is also unfortunate, because most people are ignorant of the possibility). Also, somebody asked you "who gives a Rat's ass?" I do, altho it is better to get than give, and I'm not talking rats. wharf Rat