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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (98473)	4/11/2003 6:07:09 PM
From: Yogizuna	Respond to of 132070

>>>>But without gold, the United States cannot even stand up - much less fight back - in a world where the US dollar becomes worthless while its enemies (declared and undeclared) make out like bandits. If the US must first exchange fast depreciating dollars to euros before settling oil transactions, it will soon be unable to pay its debts - and we are the world's largest debtor nation. For this reason, it is imperative that Americans realize the importance of gold - even if their government will not. Europeans realize it. They already value their gold reserves according to market price, which boosts the euro's value as a reserve currency. Muslims realize it. They are about to launch their own 100% gold bullion currency called the "gold dinar." Asians realize it. Asians and Indian private gold demand in the form of jewelry and ingots is legend. Even Communist China has recently liberated its gold market, allowing the private trading and ownership of gold to take advantage of this crucial trend! Only the US government ostrich has buried its head deep in a pile of paper dollars and gold derivatives. Can America Escape the Looming Disaster?<<<< At this point, I vote no, because there is far too much ignorant pride involved with our stupid policies regarding gold, and of course, pride comes before a fall from grace.... >>>>That must change, or this country, with all its military might and its powerful economic engine, will be history.<<<<< All dominant superpowers eventually collapse from within if not from without, and the USA will be no different in that regard in my opinion.... >>>>The very same courage and foresight is now needed to protect the United States from the otherwise inevitable result of the euro's takeover of world reserve currency status. For, if the President does not follow this new course of action, the terrorist-supporting oil countries (and their French and German buddies) will be the ones who laugh last, crushing the US in the dust of economic -and eventual even military - humiliation after all, never mind this stunning victory. But, however this may be, whether the Euro wins or whether America wins this currency war, the gold eagle will soar to heights never before imagined, no matter what. Gold WILL be freed from its fiat dollar/paper-gold shackles, and it WILL become the number one measure of true wealth again. That monetary tsunami has already been set in motion by sea-bottom seismic events, and has begun its inevitable path to landfall. It will not be stopped before running its course. The only question is: will America as a nation of free and prosperous people be there to ride out the coming ascent on the gold eagle's back - or die squirming in its talons? Copyright, Alex Wallenwein, 2003.<<<< Squirming in it's talons appears far more likely, but we can always hope for a change of heart and mind with the powers that be, and it better be sooner rather than later. Yogi