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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (24436)	10/22/2002 2:47:28 AM
From: At_The_Ask	Read Replies (2) \| Respond to of 74559

Why does the buying power of the dollar continue to increase? Or bettter yet if you could name the phenomenon what would you call it? How long has this trend been in place and when was it last not in place? Why do people keep going on about a bond bubble and if bonds aren't a bubble why not? Is the US really making vast profits or are we merely mortgaging the future? How can the US ease the burden of debt that we have incurred over years? What effect will the measures that the US takes to ease it's burden of debt have on the dollar? How will gold and other commodities perform relative to the dollar after these measures are implemented?

To: Maurice Winn who wrote (24436)	10/22/2002 4:19:02 AM
From: maceng2	Read Replies (4) \| Respond to of 74559

The USA is making vast profits from the process. /rant on It's a bit like (very much like) TA. Technical Analysis. It will keep working till it doesn't. There is no assurance that the dollar is worth squat, other then the confidence people bestow it. That is also why the POG is kept artificially low. The Fed and C/B's fear otherwise their useless paper would be dumped. The Bank of England, for example, sold a large proportion of it's remaining gold at the lows. Obviously the C/B's fiat money, secret funny handshake society had deemed it necessary. What reason is there to sell stuff at the lows?? You might think this is all very modern, technological and efficiently up to date. It's not. Fiat money scams are pre Aztec. For example, Marco Polo noted during his travels to China in the thirteenth century that the Emperor's mint was in the city of Cambalue. There was a fine white bast of skin in a certain tree that resembled paper. City officials would solemnly put their seal on this special bit of tree bark, and then each piece was deemed worth anything from three to ten Bezants in gold. Tremendous!!! -he he-* The important aspect about fiat money is it's decreed as legal tender. It has zero intrinsic value. It's a confidence scam where the guys who issue it can steal everyones wealth. That is being done. That is not just the Fed but every institution loaning out money world wide. A quote from Edward Griffins book. "The only way a government can exchange it's worthless paper money for tangible goods and services is to give it's citizens no choice". That is the reason why the POG is depressed imho. * There is a more detailed account of Marco Polos description in Griffins book. Also a detailed reference.. "Marco Polos Travels" Henry Thule. Reprinted in W Vissering, On Chinese Currency: Coin and Paper Money (Leiden: E) 1877. reprinted 1968 by Ch'eng-wen Publishing Co, Taiwan, as cited by Anthony Sutton, The War on Gold (Seal Beach, California:'76 Press 1977)pp 26-28. Griffins book can be found here.. Message 17945643 If you read my reply to orkrious, you can see some critical points I made about the book. Fact is though, Griffin is right. The economic condition of Britain is deteriorating by the day almost. The TV networks are jam packed with advertisements for loans. Prices are going up, wages are going down. The Firemen are going on strike for a 40% pay rise. The legality of the Firemens case may be compared to those banks and institutions making those loans. (OK the bank may have a fractional base of 5% or something) There is no real money they are lending out. You take out a loan and somebody marks the loan in a book. Interest is charged of course. In this way, the small amount of remaining wealth the citizens have left is garnered from them. A little quote... You don’t need to be a rocket scientist to understand the implications. The modern world has been enslaved by a what is known as the "debt money system". profit2u.com It's utterly fked up, and no good will come of it imho. /rant off** -g-