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

To: loantech who wrote (49508)	4/4/2002 12:30:06 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

thanks for your comment, as loan professional entire US economy is built on debt entire Q4 consumer spending "recovery" was based upon equivalent consumer credit expansion fiat currency is doomed the only question is how long? the biggest absurd contradiction I know is that the USdollar is a store of value, but most often purchased in the form of the USTBond so the flipside of the dollar is a debt store of value cannot be a debt plain & simple for those who fear a confiscation of gold by USGovt dont waste your time if announced, then the US$ would drop 25% overnight / jim