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

To: stockman_scott who wrote (1811)	7/10/2002 11:27:14 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Fed defensive games ensure perpetual gold rise, here is why Feds will continue to attempt to control the gold/dollar game but by remaining in control mode, they will do the same as with the stock market stocks will slide terminally perpetually due to 1. curbs that slow down selling enough to bring new money in 2. PPT efforts that constantly forestall capitulation controlling gold/dollar ensures the gold rise will almost be ENDLESS because... 1. govt gold sales will continue until way past 50% gone, with sold currency collateral (for treasury debt) becoming a serious problem over time 2. artificially low interest rates keep monetary inflation burgeoning, as the ratio of gold:currency continues to decline, even while gold's scarcity continues to increase 3. yen, dollar, dmark (euro) debasement continues until ALL of them plummet in value relative to gold, as hotpotato effect grows, and our socialism fails 4. systemic confidence will totally disintegrate over time in the paper money sham, even as accounting fraud and corporate governance is revealed as criminal... feds debase the nation's currency while CEO/CFO's debase the corporate currency let them control it let them slide upward their line in the sand for defense let them scale upward their critical blowup gold level that will make that derivative event less likely but it makes for a perpetual rise in gold focus on the monetary inflation angle the true value of gold can be equated to its supply versus the supply of yen, dollars, dmarks right now, that level is 5-6 times what it was in the 1970's when gold shot up to $800/oz as for stocks, when Dow is 4210 at the low, many contrarians will not go near them with a 10-foot pole even though the highest quality companies would rise by 30% per year for 4 years following the contrarians will likely still be buying gold the key is to slowly migration into real estate and high quality stocks, late in the gold era / jim