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

To: lurqer who wrote (11837)	1/15/2003 2:25:45 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

lurqingDude: Jw and Zeev seem to be on the same page right now...;-) -s2

To: lurqer who wrote (11837)	1/15/2003 2:30:08 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

and a jackass replies to Mr Xeev investorshub.com gold will also rise for other reasons; - Arabs and Islamics are turning to the Euro and have made solid foundation plans for a potential gold-convertible Dinar currency... soon they will turn away from Euro and toward GOLD - China is diversifying its $300B TBond reserves, stating in springtime that they pursue 1/3 each in TBond, EuroBond, Gold.. their Yuan currency will eventually become gold convertible also, as their Central Bank is supplied with Gold, creating the strongest currency on the planet!!! - Scarcity of critical mineral and energy reserves, neglected, inept, and blocked exploitation of their supplies... commodity prices in the years 1999-2000 were without question the lowest in the entire modern history of mankind - Gold miners continue to cover their disastrous hedgebooks, with AngloGold's single quarter covering activity equaling the entire nation of Japan's purchase over 2001 one can always say that the USdollar is the driver of this new longterm gold bull but that avoids the many reasons why gold is rising, almost all of which have dollar implications such simplistic reasoning evades all complex factors that are forming a volcano under gold sure, the dollar is the key but why is the dollar dropping, Mr GoldenCalf Hating Sir ??? in time, I expect even you to be underneath collecting GoldenCalf nuggets of urination, and why not? the precious metals miner stocks will see DotCom-like price appreciation in the coming quarters I relish this development, expecting a Vicious Circle USDollar Decline, which will culminate in a monetary crisis, all of which I expected, stated to you, despite your absurd claim last spring that the USDollar monetary system was WELL MANAGED still think so now? the part few seem to comprehend is that we are witnessing a TOTAL SLOWMOTION REFUTATION OF KEYNESIAN MONETARISM few get it and even after the climax, few liberal numbnuts will get it MY OUTLINE, from November 2002 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