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

To: stockman_scott who wrote (12319)	1/29/2003 10:44:36 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

nice end quote by GoldSeek's Nelson In order for the US to maintain such a program it needs the consumer to spend excessively as we pointed out earlier, to boost GDP. To stimulate such spending it is necessary to increase money supply and create wealth. Therefore the Fed clearly presents a plan to fend of deflation by “any” means. They’ll essentially print money to infinity, which, as we mentioned, drives equity toward zero. As commodities are positively correlated to inflation; we can assume that if money supply is infinity then the “end-game” target price for Gold is infinity as well. This suggests that no matter whether governments choose to utilize a fiat monetary system or not, a gold standard will always exist in relation to the extent of currency inflation. Given the statements made by the Fed and the stimulus packages available to policy makers it is imperative to realize that we are experiencing a “21st Century Gold Rush.” the only trouble, as the Austrian School, is that eventually the monetary engine is spinning its gears in accelerated fashion, generating little true GDP activity for every $1B in GDP generated now, we need $4.5B in new money created this figure is staggering and mingboggling to me / jim