Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (68511)	2/4/2004 5:23:57 AM
From: BubbaFred	Read Replies (1) \| Respond to of 94695

SAFE DEPOSIT BOXES BANNED IN USA The new Intelligence Spending Bill (HB2417) that has just been passed provides that institutions reveal their customers private financials as well as general information, including tangible things. Banks must now spy on you along with, stock brokers, operators of credit-card systems, insurance companies, dealers in precious metals and stones or jewels, licensed senders of money, telegraph companies, airplane and boat dealers, realtors and estate closings and the US Post Office. George Orwell must be having a good laugh. He gave us the roadmap to fight the conspiracy, but Americans were not interested. There was no debate on this Bill. Coin dealers will have to turnover records to the government upon request and if you hoard your gold at home you are anti-American and a potential terrorist or a sympathizer. Message 19761751

To: William H Huebl who wrote (68511)	2/4/2004 7:18:47 AM
From: Real Man	Read Replies (2) \| Respond to of 94695

We'll see -g- I really don't know how this mess will unwind, and whether or not gold will be safe. Bonds should be shorted, though. The reality behind USD decline is not the trade deficit... and not the budget deficit... It's the competition. The envy of the Europeans to the status of USD as the world reserve currency. So, that's what Euro has been after, IMHO. Europeans never ran budget or current account surpluses - so, naturally, they also want to export their inflation to Asia and other developing countries, by exporting Euros as a reserve currency. They succeeded - the Euro share of all credit market derivatives is almost the same now as the dollar share. But it's not really a better currency. It just has a large euro economy behind it. So? Where do we go now? I think the "event" is coming, and it does not really matter what the Fed does. The bond market is very, very huge. Too big to handle. Stocks & bonds will crash. Gold? I don't know. Either it will trade at 200, on M3 contraction, as more and more bad debt appears - or, it will trade well above 1000, since both Euro and the dollar are actually shares of that debt. Commodities will likely crash, since debt going bad means deflation. We'll see if they can prevent it? They could print, you know...