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

To: stockman_scott who wrote (20183)	6/10/2003 1:37:27 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

"Hillbilly News" this BigFisherman is a hoot, insightful by Rodney Cook (Jun 10, 2003) 321gold.com [the herd only sees dangerous price deflation now, slow economy, stubborn recovery, and debt defaults... so they are hunkering into bonds, not even realizing they would lose money in a couple years if/when rates rise again... they dont see the writing on the wall, that reflation will eventually bring bigtime price inflation, and bonds will get whacked... they lost money in stocks, and in several months or a couple years, they will lose money in bonds... I am believing the herd is put on earth to feed the wealthy and the intelligent and the financial criminals... sad really... but reflation efforts have not worked against deflation (see Japan)... or if you are an American investor of banking leader, dont look at Japan, since you might learn something you will find frightening -- REFLATION IS A MONETARY ATTEMPT TO CURE A STRUCTURAL PROBLEM... IF YOU PUMP BLOOD INTO A MAN'S ARTERIES, WHEN BOTH LEGS ARE INFECTED BY GANGRENE, HE WILL NOT GROW TWO NEW LEGS !!!] two clips, among many: So the insiders have noticed that this bear is loose. Before the bear itself has noticed, it seems. And these insiders are moving toward the exit. Because should this bear rampage, exiting will be a hazardous adventure at best. The astute are aware that the institutions of man have never defeated deflation. Just destroyed currencies in the attempt. ---- But amazing things can happen while you are away for a few days. When I left, our national debt was 6 trillion and change. When I came back, folks are talking 44 trillion. Who put the airline executives in charge of the monetary system while I was gone? Oh, but these are just unfunded liabilities. That can be inflated away. As these liabilities become due, and back on the balance sheet, we can pay with the printing press. Just don't do the math if you want to sleep at night. It would imply much more than a moderate inflation at some point, and it won't feel good. More like a bad sunburn than a tan. A sunburn where you can't get away from the sun. / jim