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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (2430)	1/6/2003 11:21:18 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 5423

I articulate my gold-dollar position rather thoroughly occasionally I am brief and doomlike in my phrasing so be it my "25 Reasons Why Gold Will Rise" articulates my points let them read the article, then debate 321gold.com (see end of this post for my 25 reasons listed again) over the last 8 months, I have detailed the Vicious Circle Dollar Decline about 30 times I am not reticent, shy, or brief in my discussion you picked up a few short messages, and seem to extrapolate I could cite you several dozen lengthy messages on other threads of SI where I detail exactly the forces at work which will unravel the world monetary system most people regard it as unlikely since it is so horrible they usually offer zero reasons why it wont happen they typically rely on USGovt leaders to prevent it but it was the same leaders (or clones) who caused it !!! that world monetary system is dollar-based the dollar is backed by shit in gold, but $6400 billion debt 45% of foreigners hold our Trez debt 5.5% of our GDP is hemorrhaged via trade debt 76% of foreign Central Banks have insanely based their entire economy's debt portfolios on a debt instrument reserve 76% of the USGDP is devoted to debt service (coincidence) US household debt is 108% of household income Islamics are turning away from US financial markets China is building a Central Bank gold reserve the Dollar Decline Vicious Circle is merely the flipside of what Clinton-Rubin annually boasted, with the Virtuous Cycle night follows day rain follows sun recession follows expansion depression follows speculative insanity Clinton-Rubin's virtuous cycle was accepted with glee but the vicious decline circle is doubted as scare tactics the serfs and vassals must get a grip on reality !!! let the people you cite go back and read my past writings I will occasionally summarize and detail those points again the burden is not on me / jim OUTLINE OF 25 REASONS 1. real rate of interest has been near zero since Oct2001 2. rise in foreign holdings of US assets increases our vulnerability to foreign abandonment 3. money supply increased over 40% since Jan 2001, close to 100% rise since 1991 4. return to federal deficits from recession and wartime economy, security spending 5. rising world tension, desire for safer safe haven, the geopolitical threat to peace 6. Glass-Steagal Law repeal now heightens risk of financial cluster failure in progress 7. world perception of American institutionalized dishonesty 8. likelihood of systemic banking shock waves from debt collapse and derivative chain reaction 9. reduction of USDollar usage as both store of value, banking reserve asset 10. sharp increase of savings across Asia in the form of gold 11. Islamic world is planning gold-centric international commerce, distancing from USDollar 12. Bank for International Settlements has targeted the US dollar for a corrective decline 13. reversal of miner hedges, end of gold leasing, reducing supply 14. dismantled mining supply apparatus, from systemic price below production 15. paradox: high gold price leads to higher demand, and high price leads to lower supply 16. trade tariff resumption discourages global trading village concept 17. USDollar correction to relieve the trade imbalance could result in a currency crisis 18. accelerating worldwide currency turbulence 19. European currencies offer more attractive alternatives to USDollar, with Swiss Franc leading 20. the calendar date Sept 11th marked the turning point for USDollar in two critical years 21. rising costs from entire energy complex (crude oil, natural gas, heating oil, gasoline) 22. commodity trend reversal has begun, the beginning of a new longterm trend 23. Kondratieff Winter is gathering speed and force 24. divergence toward deflationary credit-based economy, inflationary cash-based economy 25. the parallel between gold’s rise in the 1970’s and 2000’s has many components