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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (124)1/13/2003 8:00:24 PM
From: Mannie  Read Replies (1) | Respond to of 1210
 
That was a great read.
Puplava has a great way of framing a common sense argument. I really enjoy reading him.

The economy is no different than any other problematic situation, the failure to stand up and act responsibly and deal with the situation, just creates a bigger problem.

It is tough being an elected leader in an environment where your constituents would rather not deal with reality. And they are going to vote you out if you make them.

I know I am certainly not doing my part as a consumer.

scott



To: orkrious who wrote (124)1/13/2003 9:39:20 PM
From: Jim Willie CB  Respond to of 1210
 
HUI looks to me like having built shorterm base

financialsense.com

stochastix might be showing ramped up bullish divergence
20dayMA is providing support
but a little lower is the more reliable and study 50MA

/ jim



To: orkrious who wrote (124)1/13/2003 9:43:52 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 1210
 
after reading portions of Puplava, reminded of 1998-99
we kept hearing about the extraordinary levels of debts
within Trez, corporations, and households
the common refrain was...

ANY RECESSION WILL KILL THE ECONOMY WITH A DEPRESSION
THE USDOLLAR WOULD NOT SURVIVE A SIMPLE RECESSION
ANY RECESSION WOULD ACCELERATE WITH DEBT COLLAPSE

now we have a frontrow seat to its slowmotion unfolding
it was expected back in 1998-99 after the devastation in the Asian Meltdown and Russian Default
now after the 1999-2000 Y2K Meltup, we have resumed the great worldwide meltdown

I CONSIDER WHAT IS HAPPENING NOW IN USA AND EUROPE AS A DIRECT DELAYED EXTENSION OF THE ASIAN MELTDOWN IN 1997, WITH AFTERSHOCK IN RUSSIA IN 1998

we are seeing an Asian-like meltdown all across South America
one by one, each South American economy is falling apart

all the Federal Reserve has accomplished is two major effects

1. a bigger recession/ depression than otherwise
2. a certain eventual recession/ depression

the best they can pull off is turning a likely depression into a monstrous STAGFLATION
the alternative standby worldwide reserve asset has sprung to the fore: GOLD
as the USDollar shows major serious deadly cracks

this is a repeated message stated many times
but I have to say it again, because it is relevant and true
as I see it

hey GOLD, rock on!!!
/ jim