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


To: Sully- who wrote (52511)6/3/2002 9:51:22 AM
From: Jim Willie CB  Respond to of 65232
 
Tim, the best journalism is found on the internet, 4sure /jw



To: Sully- who wrote (52511)6/3/2002 10:33:07 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Econ Advisor Lindsey gave dollar kiss of death

Bush's economic chief Lawrence Lindsey said there is still plenty of strength in the greenback. One can almost hear the ghost of J.P. Morgan who said in September 1929, "The economy of the United States remains sound," or General Custer who wired back to Washington, D.C. that he didn't expect much Indian resistance.

Question, Mr. Lindsey -- if the dollar is so strong why do you need to tell us? Maybe it's because he knows there are far too many of them circulating in the world economy.


/ jim



To: Sully- who wrote (52511)6/3/2002 11:49:49 AM
From: Jim Willie CB  Respond to of 65232
 
perhaps WSJournal effect? USdollar dropping fast
quotes.ino.com

and gold is higher and firmer
kitco.com

anyone who believes gold is of marginal importance is a fool
socialism can pervade our govt and force unbridled currency printing
politics can dictate that Fed Liquidity is beneficial

but the immutable laws of Economics cannot be violated indefinitely
the USA has increased printed dollars by 500% since 1980
the oversupply will weigh down the dollar, from gravity
socialism will eventually threaten to bankrupt America
well, cannot pin it entirely on socialism

socialism plus our willingness to fund the world's emerging economies, to fund all remedies after financial accidents, to fund all world police action
the dollar aint gold, as we shall soon learn
it is debt, and can be sharply reduced in value

we are in a Post-Y2K Debt Liquidation phase
it will not end until balance sheets are cleaned up
that includes households, corporations, and entire economies
take a close look at Argentina
that might be the USA in a few years, or 6 yrs
INFLATIONARY RECESSION
/ jim



To: Sully- who wrote (52511)6/3/2002 12:21:16 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
funny how supposed experts on gold continue to interpret
many jokester "experts" now have all the answers
and the main answer on why gold rises is based on international tension
e.g. Israel, Islamics, India-Pakistan, terrorism
is it really that simple?
I think not at all

from Feb2001 to Sept2001 we had all quiet on the middle eastern front
no sign of terrorism
yet gold rose from the depths
and it did so even as the USdollar topped out
this has turned out to be a false dollar run in 2001
gold and dollar almost NEVER run in the same direction
yet in late 2001 they did
the resolution of this conflicting piece of info has been clarified recently
gold continues to rise, while the dollar reversed downward

where were experts helping us unwashed to interpret back then?
answer: NOWHERE
they didnt understand gold back then enough to explain its reversal
they dont understand gold right now enough to explain its rise
they wont understand gold in future months enought to predict JACKSHIT

it is politically incorrect to speak ill of the dollar
THE USDOLLAR IS A SICK SICK OVERVALUED PIG IN OVERSUPPLY !!!
the USdollar represents everything that is wrong with socialism, lack of currency discipline, and financial debauchery

GOLD is a very complex financial phenomenon
it is not easily explained, understood, or learned
that is precisely why I outlined 20 Reasons Why Gold Rises
it is that complex

in the next 6-12 months, I expect a multitude of confirmations to emerge as to why GOLD continues to rise in price
the USdollar's troubles are finally receiving due recognition

next I expect the faulty world currency and world banking system to receive some attention
this is the early stage of a worldwide currency devaluation in favor of the Mother of All Money -- GOLD
/ jim