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


To: tonka552000 who wrote (28432)9/22/2003 12:21:20 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
during the dangerous phase#2, we see GSE agencies crumble
falling dollar, rising rates, much more job layoffs
nonsense bullshit about "jobless recovery" will stop
what a sham perpetrated on the illiterate US public

thanks
like dominos
the big risk is now with Asian banks
they hold a scad of USTBonds in their banks
with fractional banking methods, they are about to receive an "economic margin call" soon
they will be shedding TBonds, buying gold
they MUST now replace a declining reserve banking asset with an appreciating one -- GOLD

PHASE #2 WILL BE MARKED BY ASIAN BANKS REPLACING THEIR USTBONDS WITH GOLD, SLOWLY AT FIRST, FASTER LATER
ALL IN SELF-PRESERVATION
INSIDE THE USA, ALL HELL WILL BREAK LOOSE BY WINTER


I have found since early 2002, that getting my calls successful comes more easily when I ignore politics, ignore market movement over shorterm 2-3 month periods, and stick with following the major powers such as currencies, bonds, and gold

too many clowns (including here on this thread) spend too much time wasted on politics
try spending half as much time studying the dollar and currency issues
you will retire younger and enjoy life more

/ jim