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

To: Wharf Rat who wrote (51869)	5/22/2002 9:10:51 AM
From: Jim Willie CB	Respond to of 65232

awaiting Asian gold leapfrog, winner exports to USA gonna be the biggest fireworks ever seen later this year and all next year in the 1990's a currency devaluation leapfrog game was played Thailand, Korea, Taiwan, China, Japan are principal players also Indonesia, Singapore, Thailand, Malaysia they would print new Thai Bhats for example, and buy USTBonds they learned to print currency from the USA that would devalue their Bhat currency, and provide some impostor reserves for their screwed banking system (imagine a piece of debt serving as banking reserve capital) the currency shift enabled an advantage to export to USA imagine the financial lunacy to print your own reserves and then build an entire economy upon it now the leapfrog game readies for the next phase the reserves will be converted to gold gradually or will it become a race out of control? the nation which drives up gold the most will win the game at least in their eyes they will win the right to continue exporting to the USA but at least their banking system will be fixed in the process it will take time imagine the leapfrogging to take place with so many players some have called the 1990's the "Currency Devaluation Raceway" whoever devaluated the most gained export advantage now it shifts to the gold scene as gold slowly shifts into its rightful place as world currency reserve like everything else, I expect it to get out of control these Asians are incredibly competitive they learned the sick destructive game of debasing currency well if not careful, they will earn themselves a decade of misery by not participating in the gold leapfrog game upcoming if they succeed in shifting to gold as banking reserve, salvation of banking system is their prize but not without some pain to get there those nations which do it right will become an example the great gold leapfrogging is soon to begin Asians must continue to export goods to USA their entire economies have become totally dependent upon it this time around though, they will store the surplus in gold no nation will want to eagerly forfeit their export advantage so a race will ensue to drive up the price of gold whatever price of gold you think is the height limit target multiply it by 3 the only problem above is that ..... THE USA MUST RAISE GOLD THE MOST IN ORDER TO RECTIFY THE $400 BILLION PER YEAR TRADE DEBT and the Asians will desperate block the effort by driving up gold higher in their native currencies gonna be wild / jim