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

To: stockman_scott who wrote (10693)	12/23/2002 10:16:56 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Jes Black makes a shallow argument on gold & deflation the more muted the economy's response to the Fed Monetization efforts, the greater the pressure to be exerted by the Fed in reflating can anyone doubt the power of the Fed to print money, to produce inflation, and to stimulate the economy by means of monetary methods? oy oy oy, never underestimate any Central Banker's ability to destroy its currency the longer these guys take, the worse it will be, which is the opposite thesis to MrBlack as all three major continents engage in the same activity, yen and dollar and euro currencies will be simultaneously debased, thus pushing the gold price up these conventional thinkers dont get it we dont need inflation to see gold rise a couple years of stagnant economic activity, stagnant stock and bond activity, and ... GOLD WILL BE THE ONLY GAME IN TOWN WHILE THE CURRENCY FRONTS WILL BE TOTALLY POLLUTED BY EXCESSIVE MONETARY EXPANSION this is great for gold these fools dont get it, probably never will GOLD is a market mechanism that tilts wildly when any of the following occurs - excessive monetary expansion, thus currency debasement - excessive stress & strain on the trade imbalance - international borders are threatened and the USDollar pressed against 103 overnight / jim