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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (13009)	6/25/2003 2:52:51 AM
From: LLCF	Read Replies (1) \| Respond to of 39344

<They provide a recycle.> What's that?? You mean credit? They put more money in the system but it's based on loans, I guess so not 'printed' currency? IMO the issue is whether the Fed ends up buying non-treasury debt as things get worse. If this happens, then that credit really was 'printed money'... if the system holds and there are no bailouts, debt is paid down, it's not. IF we had a depression, there is little doubt that a lot of FNM loans would be restructured, forgiven, stretched out... all of which arguably is a bit more 'printing', no? It all should be very intersting in any case. IMO opinion the monsta up move in gold some dooomsters are predicting is predicated on coninued downward spiral in the economy with a huge spike in unemployment forcing the government to monitize whatever they can. Maybe they AND Prechter will be right as gold could get smacked with big deflationary signs first, then go nuts? dAK