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

To: stockman_scott who wrote (8469)	10/25/2002 2:16:41 PM
From: Jim Willie CB	Respond to of 89467

an illuminating interview concerning Kondratieff Winter by Jim Puplava of Ian Gordon Gordon is the world's foremost student of the K-Wave Cycle very thought provoking, very disturbing, very ominous one can easily conclude that the previous K-Winter was 1930 where the USA was a creditor nation (now a massive debtor nation in every sector and tier of the economy) where the USA was on the gold standard with sensible federal debts (now off standard with huge foreign held debt) where the USA was self-sufficient in energy production (now over 50% of supplies come from foreign sources) we are in deep trouble check out the nice interview that reads like a chapter to learn about Kondratieff Cycles financialsense.com a critical quote: IAN: I truly believe that the world monetary system will collapse in the Kondratieff Winter, much as it did in 1932 and 1933 when the world gold standard system collapsed. Britain went off the gold standard system in September 1931 and was followed by several other countries. And eventually, effectively, the U.S. went off too. The system, while it lasted, allowed individuals in the U.S. to exchange paper for gold. We now have a fiat system. Incidentally, it’s the first time, I think, in history, that the entire world is being run on a paper money system, which is a U.S. dollar system. I think that that fiat system is going to collapse much as the gold standard system collapsed in 1930. So it really doesn’t bode well for the U.S. dollar if that does happen. he expects silver to do very poorly, but gold and gold miner stocks to explode upward silver was treated like a commodity in the 1930 panic but gold fought and prevailed over indebted economies as well as their currencies the last K-Winter killed off the gold standard instead of returning to a stronger gold standard with tighter controls of credit creation (money expansion), we embarked on a lunatic experiment with fiat currencies with concomitant looser credit controls THEREFORE, THIS K-WINTER WILL BE MUCH MORE HARSH AND GOLD WILL TRIUMPH MUCH MORE EMPHATICALLY GOVT INTERVENTION WILL ONLY EXTEND THE OCCURRENCE AND THE DURATION / jim