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

To: stockman_scott who wrote (52063)	5/25/2002 10:33:02 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 65232

Einstein the philosopher, most excellent.. applies to US$ the problem with the world currency and banking reserve system is the USdollar it is not backed by a hard asset instead it is a denominated debt instrument yet the dollar serves as a world reserve asset and the dollar serves as the basis for banking system reserves such practice is untenable, unsustainable, and gauranteed to fail, ending in strife and misery our economic demise has been legislated as certainty spending levels are dictated by law, gauranteed bankruptcy this is the legacy of socialism, liberalism all banking crises are met with a flood of newly printed USdollars the Asian Meltdown has finally hit our shores the US Debt Collapse will not stop until it has run its full course current treatment involves administering the additional amounts of what causes the cancer additional dollars do not rectify flaws traceable to excessive dollars Einstein would agree that the same people who created the flawed money/banking system are offering flawed solutions the gold uptrend will last until gold backs all currencies no exception the first nation to back their currency with gold will see an almost immediate economic revival it will provide the world with a strong example to follow I predict it will be silver-rich Argentina or Mexico perhaps gold-rich South Africa or Australia or Canada / jim