Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: habitrail who wrote (52649)	6/4/2002 1:30:22 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

retreat from US cash here comes later, into gold hunt I expect at least two major banks to succumb to bankruptcy and a few regional (gambling) banks cases in point: PNCBank in Pittsburgh had big derivative losses so did BankOne a couple of year ago I believe FirstUnion did also I expect a mild run on certain banks later on like next year or 2004 by then NOBODY but NOBODY will deny the fundamental reasons behind the pursuit of GOLD it will be lost trust in currency internationally (not just the dollar) lost trust in banks domestically with rising questions about where money is safe? answer: nowhere with an unbacked dollar not while huge federal deficits and trade gaps exist nowhere does anyone connect the dots??? 1997: Asian Meltdown 1998: Russian Default and LongTermCapMgmt failure 2000: US Nazdaq collapse 2001,02: US Liquidation and Bankruptcies / jim