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

To: stockman_scott who wrote (51029)	5/7/2002 12:42:23 PM
From: Jim Willie CB	Respond to of 65232

big turning point was PrezBush refusal to assist Enron I give him extreme credit but it has unleashed a torrent of debt collapse, broken bubble, unending investigations, lost investor confidence, and tight commercial credit most of all, it has broken GOLD free has anyone noticed the totally dead movement for accounting reform? I dont expect one single change just commitments by accounting firms and public traded companies for more disclosure that is all, but not quite back to normal I no longer regard the biggest impetus for GOLD to be upcoming hyperinflation that will come, picking up speed, but not for a year or two the big impetus is lost confidence in all things dollar-based the Dollar is breaking down slowly, inexorably the Euro is benefiting, but GOLD more so if the president were Clinton now, we wouldnt be talking about indictments, Spitzer investigations of Grubman he would have bailed out Enron but more important, he would have bailed out JPMorgan really, the Big Three -- JPMorgan, Citibank, GoldSachs I think the Bushy refusal signed a death warrant to at least one of these banking giants my guess is JPMorganChase they have the biggest derivative book, for gold and bonds both are going to bleed heavy red ink history will not be kind to Robt Rubin he used to be a hero of mine but the more I came to understand what his Strong Dollar position has meant, what destruction it has wrought to our economy and asset base, and the fury of the Broken Bubble consequences... I now regard Rubin to be a misguided proud fool his Citibank is at serious risk I would give my dormant right nut to know the gold and silver short futures positions for the Big Three they are the principal players among the Gold Cartel by the way, I continue to read more and more about Arab nations converting Petro$ into GOLD they regard GOLD as pure in an Ismlamic sense that may be the only thing I agree with them about goofy Islam I suppose GOLD is pure, unless touched by women I expect in the next couple years, for Arab nations to demand GOLD for OIL, not USdollars / jw sbg