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

To: abuelita who wrote (2700)	7/20/2002 1:57:29 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 89467

I've been thinking about the zero gold gains versus euro & yen but very soon we should see increased currency volatility I have called this the "hotpotato effect" Europeans dont want a sharply higher euro currency they will attempt to buy dollars en masse as they do so, the dollar will come back suddenly and lose it right back fast as US fed deficits and US trade gaps become huuuuggge currency traders might thus get whipsawed and eventually say "screw it", and buy gold the Japanese are facing a very dire situation their yen has risen to the point that their profit margins are eroding to nil I am reading of Chinese internal bankruptcies and trying to gather more information I expect Asia to experience Depression first the gold buying might come from several factors currency turmoil is my favorite reason undermining of world banking reserves held in USTBonds is my second reason in about 6-12 months, the US Fed might begin to gain traction in promoting price inflation they must win against deflation, a real war if US becomes Japanized, then the world goes dark the victory by the US Guttenberg Dollar Printing Press will seal the deal for gold as inflation returns which kills the US Treasury Bond market the presentday ultimate safe haven Rosey Dear, this gold war is gonna be a marathon by 2007 it will be victory lane by a mile, or kilometer all the pieces are in place for an Inflationary Depression / jim