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

To: Maurice Winn who wrote (25568)	11/19/2002 5:32:31 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 74559

then you will be surprised by the USDdollar decline and the rise of gold gold is real money, and the shit in your wallet is not extended credit has been confused with wealth legal tender has been confused with money you sound like a true zealot from the DeMonetized camp for gold your comment about baubles is moronic or humorous, unsure sad, very politically correct your optimism in the USDollar might not jibe with the Twin Towers federal deficit rising fast to fight recession, extended unemployment, widening public assistance, debt collapse counter measures, stock weakness, security measures, new burokracies, expansion of war efforts trade gap widening, unresponsive to lower dollar, as foreign economies weaken worse than ours, and realization dawns of people that US products contain a plethora of imported parts beware that every single Kondratieff Winter has decimated the world monetary standard the deflationary from debt collapse feeds upon itself each failure breeds the next failure Enron was to be the last, until WorldCom, KMart, GlobalXing the dollar decline feeds upon itself also each rachet down leads to the next the 10% lower dollar has come with rising trade gaps all summer long get a ringside seat NewZealand might benefit heck, in a few years, I might move next door to you but the US economy, banking, and currency are in deep trouble and your head is firmly either in the sand, or reminiscing of days gone by good luck to you I will need you to purchase my gold shares in a couple years you will be there to buy you are typical of many intelligent people who miss the early stages of a major bull run each busted bubble ushers in a totally new sector leader just what do you think that leader is? cell phones? not hardly, Bruce tech? get real, been there, done that banks? right, check the foreclosures and defaults retail? wait until the recession hits chips? uh-huh monetary and banking crises are right around the corner when USTrez market is rocked, you will only then become a believer / jim

To: Maurice Winn who wrote (25568)	11/19/2002 7:36:59 PM
From: pogbull	Respond to of 74559

Jim Puplava Interview of Dr. Marc Faber financialsense.com Excerpt: JIM: Gold and silver are actually a hedge of systemic risk you referred earlier to in our conversation. We talked about some of the possible risks to the financial system, particularly a large U.S. financial institution going under. Also, there is another risk in the U.S. So much of our financial assets, whether it is treasuries, mortgage backed bonds and to some extent the stock market, is owned by foreign investors who have been willing to take their trade dollars that they have earned by trading with us and reinvesting in the U.S. economy. Does that not make the US markets vulnerable to some kind of risk? Are we not vulnerable if foreigners lose confidence in our system? DR. FABER: Yes, that is absolutely correct. I think the U.S. economy basically lives on foreigners' financing economic consumption of the United States to the tune of around $500 billion annually. It's close to $2 billion daily to finance excessive consumption and investment in the United States. I think that is not sustainable. The question is, At what stage will foreigners withdraw? They don’t even have to withdraw, they just have to diminish their purchases of U.S. assets. Inevitably you would have a significant economic slow down in the United States.