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

To: tonka552000 who wrote (20093)	6/7/2003 12:00:35 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

actually, I think I'm losing control, crazyman ranting financialsense.com Puplava's "Catalyst" article is a fine survey piece his StormWatch update is right on the USDollar is the key to the breakdown either price inflation hits or foreigners sell USTBonds the concluding paragraph: For the next theme to emerge and become prominently visible as well as obvious to all, the public must gradually lose confidence in paper. It has already begun with the shift to real estate as more investors feel secure with something tangible rather then the intangible and fleeting wealth of the stock market. As the value of the dollar continues to depreciate and as the Fed prints more money, public confidence will gradually begin to dissipate. A loss of confidence in the dollar has already begun in the international markets. Foreign investors who are financing our monster trade and current account deficit have already begun to diversify out of dollars. Central bankers have been the main force keeping the dollar from collapsing in an effort to keep their own currency from appreciating against the dollar. As the Fed prints its way out of deflation, the dollar will continue its downward trajectory causing assets to flee the dollar in a flight to safety. The coming financial disasters that will result from the Fed’s blundering policies will steer more money into hard assets, especially gold and silver. Marc Faber has written extensively on the curse of empires. As empires mature and peak, they then go into decline. A prominent feature of this decline is a depreciating currency, rising interest rates and inflation. Investors should now prepare themselves for this eventuality, which is the subject of part two of this essay. / jim