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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (4699)	6/5/2003 9:01:36 AM
From: philv	Read Replies (3) \| Respond to of 5423

Interest rates dropping again in Europe, in an attempt to kick start the economy. The result is a continuing race to the bottom, competitive currency devaluation. But there is an obvious end to this game, it's getting ever closer, and then what? INFLATION! and DEBT! and DEFAULT! What other alternative is there to this seemingly pre-determined script? Default and inflation are nifty tools to monetize debt. Inflation means a lower dollar, declining standard of living, and default means we all pay. Cool.