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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (47301)	4/4/2002 11:33:22 PM
From: westpacific	Respond to of 99280

BS Zeev, you are wrong, the mistake was allowing the Central Bank to take control of the currency. This was done against our Constitution!!!!, without a vote, nada - they just took it over!! M3 has exploded, you have to think what paper is really worth - I do not buy your argument in anyway. You have been convinced like so many others to trust FIAT MONEY - well when it has been abused like it has now, then you should rethink that trust! Time will tell, but IMO, gold will go on a BIG run soon, you have to hedge some of your asset base here. If your worth 100K forget it, but beyond that it is smart risk management due to what I see with the problems in the global economy right now! I am not saying that gold is worth that level, all I am saying is think about what the FED has done in exploding dollars upon the world. A person worth 50 or 100M is going to hedge in gold, he will never have all his assets in just dollars, euros, swissies - he will diversify his holdings against fiat currency. GOLD is REAL MONEY, no matter what the bankers have tried to sell everyone. That will never change IMO. XAU target 90 to 120, within 2 years.

To: Zeev Hed who wrote (47301)	4/5/2002 9:55:26 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 99280

nations have NOT printed fiat currency with discipline nor have they controlled where those fiats are stored there is zero precedent for a fiat currency to survive indefinitely when one fiat begins to dominate worldwide, its own wide surplus becomes an agent working against it in the supply/ demand dynamics inevitably the trend begins to work in the opposite direction since when is increasing US money supply fiat currency from $4 trillion in 1990 to over $7 trillion in 2002 "responsible" ??? the dollar is not only saturating the world, it fails to meet constitutional requirements in our USA its usage as STORE OF VALUE has become distorted by its alternate form as the USTBond the flipside of the USdollar is a debt instrument that is untenable, a perversion of store of value I was really surprised to hear such an absurd assessment do you detect any increase in currency-based earthquakes in the 1990's? Dollar in 1994 Mexico in 1995 Thailand and Asia in 1997 Russia in 1998 Argentina, Turkey, Brazil in 2001 and the biggest: Japan in 2002 shall I go on? take a look south of Korea, east of China, right now since the 1980's the US$-DMark-JYen triangle has served as a seemingly stable replacement for a gold standard fortifying currency but in 1990 the Euro placed the DMark in suspended animation and the USdollar picked up the slack, rising further in relative value in 2000 the JYen began its death spiral and the USdollar and Euro, mostly the dollar, picked up the slack, rising further in value now the dollar is clearly overvalued, recognized the world over as overvalued, discussed by Treasury and Federal Reserve openly as overvalued, and esp by US exporting companies as destructively overvalued the US$-Euro-JYen triangle is now seriously damaged the JYen is listing badly, the Euro is struggling to gain acceptance, and the Dollar has too much influence it is a broken currency system but the financial illiterates have yet to recognize this since the 1980's the US debt has been accelerating the distortion now is that US economic health is now seen to occur side by side with widening trade debts as the US MZM has doubled and thus meeting the basic definition of "inflation", which plant the seeds of future price inflation of goods & services, two things inevitably must happen the first has happened: USA exported inflation in 1990's the second will happen: USA will someday import inflation in the 2000's nobody knows its dire consequences the gaping US trade deficit has SUSPENDED the consequences of irresponsible abuse of our printing press USdollar when the USdollar slides further, we will import inflation and make up for over a decade of abuse /jw