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

To: yard_man who wrote (4352)	8/12/2002 4:29:41 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

$30B to Brazil pales in comparison to more Fed pumping having a Fed working full throttle in pumping lifts all expectations of future price inflation but the money doled to Brazil could signal a ruinous distress signal to US banks so you could be right in an indirect way who knows? probably very much BOTH I believe it owes more to expected Fed rate cuts with associated increase in money supply infusions Weldon (for Mauldin) pointed out large $30-45B MZM increases in the last two weeks he cited the Fed is pumping heavily the Fed has two tools, rates and MZM money supply they are pumping heavily again the reasons for gold rising are endless I expect a near failure of the US banking system no exaggeration, near collapse with a "RUN" on many regional and minor banks e.g. deposits evacuated, threatening the fractional system gonna be wild US money center banks are losing from the likes of Enron, GlobalXing, KMart, WorldCom but also from sovereign debt from across SudAmerica now add in some derivative losses from stocks, gold and you have bank failures in the Good Ole USA Puplava claims Citibank is already bankrupt / jim