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

To: Chas. who wrote (30712)	10/29/2003 10:57:40 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

not sure about intell community over-reaction Bushy has done serious damage to the intell apparatus made scapegoat out of Tenet State Dept battle with Pentagon is wellknown pressures on DIA to back him up on Iraq WMD threat is wellknown we will see my bet is on gradual erosion of Bushy's WashDC and Pentagon support watch Rumsvelt as the key indicator so far he is being set up as a target, if not scapegoat I could only come up with 25 reasons why gold is rising: 321gold.com 1. real rate of interest has been near zero since Oct2001 2. rise in foreign holdings of US assets increases our vulnerability to foreign abandonment 3. money supply increased over 40% since Jan 2001, close to 100% rise since 1991 4. return to federal deficits from recession and wartime economy, security spending 5. rising world tension, desire for safer safe haven, the geopolitical threat to peace 6. Glass-Steagal Law repeal now heightens risk of financial cluster failure in progress 7. world perception of American institutionalized dishonesty 8. likelihood of systemic banking shock waves from debt collapse and derivative chain reaction 9. reduction of USDollar usage as both store of value, banking reserve asset 10. sharp increase of savings across Asia in the form of gold 11. Islamic world is planning gold-centric international commerce, distancing from USDollar 12. Bank for International Settlements has targeted the US dollar for a corrective decline 13. reversal of miner hedges, end of gold leasing, reducing supply 14. dismantled mining supply apparatus, from systemic price below production 15. paradox: high gold price leads to higher demand, and high price leads to lower supply 16. trade tariff resumption discourages global trading village concept 17. USDollar correction to relieve the trade imbalance could result in a currency crisis 18. accelerating worldwide currency turbulence 19. European currencies offer more attractive alternatives to USDollar, with Swiss Franc leading 20. the calendar date Sept 11th marked the turning point for USDollar in two critical years 21. rising costs from entire energy complex (crude oil, natural gas, heating oil, gasoline) 22. commodity trend reversal has begun, the beginning of a new longterm trend 23. Kondratieff Winter is gathering speed and force 24. divergence toward deflationary credit-based economy, inflationary cash-based economy 25. the parallel between gold’s rise in the 1970’s and 2000’s has many components / jim