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

To: stockman_scott who wrote (6172)	9/12/2002 11:58:02 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

America goes to war to stay busy, keep economy brisk / jw

To: stockman_scott who wrote (6172)	9/12/2002 12:05:50 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

Gold Market Update, by Joe Foster gold-eagle.com an excerpt: Banks appear healthy, although we believe that their derivatives exposure with a notional value measured in the trillions of dollars poses a risk that is difficult to quantify. While most of us remember the role gold and gold shares played in the 1970's as a hedge against inflation, less well known is gold as a deflation hedge. Prior to World War II, Homestake Mining was the blue chip gold stock of the NYSE. From September 1931 to August 1938, the split-adjusted share price of Homestake rose from $0.49 to $2.65. Excessive levels of inflation and deflation are both symptoms of an economy that is out of balance and a monetary system that is unable to accomplish its goals of stable prices and steady growth. Most asset classes perform poorly under such conditions, whereas gold tends to attract investors globally as a monetary alternative and as a tangible asset with intrinsic value. growing systemic breakdown, e.g. banks / jim