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To: H James Morris who wrote (149320)10/28/2002 12:21:45 AM
From: Reilly Diefenbach  Read Replies (1) | Respond to of 164684
 
I haven't read enough of his posts to know whether he is a goldbug or not. He may be. I thought he made a lot of sense in that particular post and that it was worthy of linking over here.



To: H James Morris who wrote (149320)10/28/2002 12:00:39 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 164684
 
y'betcha, JimWillie is not only a goldbug, but a jackass

a student of historical manias
of Kondratieff Cycles
of the history of money and unbacked currency
of the paper vs hard asset ebb & flow cycle
of world reserves and destructive substitutes
of central bank manipulation of markets (and subsequent failure)

get ready for a serious banking and currency crisis
compliments of the US Federal Reserve, Dept of Treasury, and all Central Banks in the Western World

the next decade will be all about Asia
and their emerging economic powerhouses
the greatest transfer of continental wealth has taken place right under your noses
from 1980 to now, we have allowed Asia to become the mfg base for our proligate spending
from 1994 to 2002, we have sold them 40% of combined central bank gold
AT THE LOWS

the next big surprise will be the rally of the Japanese Yen
at the expense of the USdollar
bringing the great crush to the Ostrich-like masses
sell or die

the chief weapons employed by the new Triad (AlQaeda, Soddomy, HezBollah) will be financial, with GOLD at its center
our greatest vulnerability is not with our bridges, our buildings, our military
IT IS WITH OUR CURRENCY AND OUR FINANCIAL MARKETS, AND BLOATED REAL ESTATE

BUT MOST OF ALL, OUR ACHILLES HEEL IS OUR DEBTS

/ jim

p.s. the next big DotCom-like stratospheric stocks will be junior gold miners, with gains of 40-fold being common
it will happen when financial markets are shaken, in particular when the Bond Bubbles busts (early stages now), when economies begin a recession led by cars/housing, and currencies are debased beyond description