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


To: Wharf Rat who wrote (52106)5/27/2002 1:07:27 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
find another example of a large corporation selling most of its collateral for the creditors

gold is probably one of the most misunderstood financial concepts on earth

the US psyche is in for a long cruel rude awakening
as the USdollar is gradually sold off
American financial and political arrogance has never been higher

a wise man once said:
all fiat currencies converge to the cost of printing them,
zero


a bit extreme, but the US currency is one of the most expensive, intricate, and sophisticated on earth
so perhaps it will converge to a nickel
I predict in several years we will hear stories of US$ being burned abroad
/ jim