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.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (947)	6/30/2002 11:42:11 AM
From: Jim Willie CB	Respond to of 89467

early indications are that Bush Admin will NOT bail out this is an interesting question nothing for Enron, Global Xing, KMart, WorldCom I think nothing will be written for bankrupt companies... UNTIL A MAJOR US MONEY CENTER BANK GOES DOWN JPMorganChase or Citibank GoldmanSachs would not be bailed out not regional banks but I dont think they are so vulnerable they dont participate in foreign econ loans, nor gold game shenanigans when the destruction hits NYC big banks, they will consider bailing the big question in my mind is whether BY THEN the Gold Cartel will have been exposed we will have more scandals, more corruption revealed, more investigations about accounting fraud BUT THE MOTHER OF ALL SCANDALS IS COMING IN A FEW, MAYBE SEVERAL MONTHS THE FEDERAL RESERVE GOLD SCANDALS if it happens, when it happens, I expect the effect to be a singleday very large 5-8% decline in the USDollar, and a very large 25-30% rise in GOLD then a continuation of those big moves in ensuing weeks / jim