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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (29151)	3/6/2003 5:18:59 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 36161

keep waving the flag, SliderBlack&Blue "I think America, the USD, the US Economy and American Resolve is stronger than many think JohnJ Murphy called the USDollar in "gradual freefall" the trade gap is widening, even as the dollar is dropping (now heading toward 6% of US GDP) the federal deficits are escalating (what's another $100-300B in the MidEast? or is it $1.5T?) the Fed-directed money supply is up 45% since Jan2001 (rising now at a 20% annual rate) (directed mostly to nonproductive assets, in lieu of productive) the economy is weakening, and now must react to an energy tax (ooops, there goes corporate earnings, and household spending) the car sector has turned down (a national tragedy in the making, UAW fireworks this summer) the housing sector is stalling (the next bubble bust is coming -- Mortgage Finance) debt levels are suffocating (too many data points to cite, not enough space) economic reporting is distorted in almost every single measure (again, name one and we can talk about the deceptive distortions) sure, the USDollar is strong, real strong so were ReichMarks in 1927 the saving feature to the US$ now is the inability for foreigner to unload them, and the lack of non-gold alternatives for them, as dollars saturate the entire world wow! you are clueless I have noticed something about you, not pretty whenever confronted with a direct question that points out your ignorance, YOU IGNORE IT, and instead resume adolescent name calling not pretty, not prudent, not flattering certainly not impressive at least it explains why certain key people dont post on this thread anymore you must pump sunshine up FrankP's ass on a daily basis / jim

To: SliderOnTheBlack who wrote (29151)	3/6/2003 5:57:06 PM
From: BSGrinder	Respond to of 36161

"I've got the GOLD and it's safely tucked away in the cash register." But that's the point, you don't have the gold. You have a fist full of dollars, which are losing their value as we speak. The US has as much as announced that it is competitively devaluing its currency. Trading gold for dollars now is a losing proposition. If you can really turn on a dime, how about being able to change your idea of what money is? Your whole model of gold as a commodity won't work any more because gold is what all the currencies busily devaluing themselves will be measured against. ciao