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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (12381)	4/21/2004 11:26:10 PM
From: SOROS	Read Replies (2) \| Respond to of 110194

They will probably promote him to some management position in IRAQ. Better still, perhaps they will have him go and cook cheeseburgers for the troops to create manufacturing jobs within the military and overseas. But really, have you ever heard anyone with such an ability to speak for extended periods of time and say nothing? Really shakes your confidence (like I needed anything else to do that more) in the "elected" (bought) officials. They know and understand so little, that they question nothing. Russell: "Let me ask you this -- suppose deflation actually does enter the picture? Suppose the economy starts to slow down, suppose consumers start to cut back on their spending, suppose home prices start to level off? What would the Fed do? In my opinion, the Greenspan Fed would do what it does best -- open the flood gates of liquidity, open them wider than ever. We could see M-3 increase at the rate not of $1 trillion a year (as now) but it could be rammed up to $2 trillion a year, or even more. On this basis, the dollar could fall apart, and gold would fulfill its duty as the ultimate insurance." I've been trying to figure out what's really been happening the past month as far as metals are concerned. Krugman ( dailystar.com ) is calling for 8.5% mortgage rates. Stocks/bonds/housing will be in serious trouble at that point, so Greenspasm and company are doing everything in their power to crush the only real gauge of inflation -- GOLD! Look at all the coordinated press attacking gold -- Rothchilds, calls for hedging to come back, Germany/France selling, and finally, trying to make people believe that higher interest rates are bad for gold. What lies and distortion! Too many things assaulting metals for me to believe it's simply supply and demand or coincidence. Jobs are still going to go overseas because labor is CHEAP. And China is still going to grow and push prices on commodities. At some point, surely the idiots who are swallowing Greenspeak they do not even understand will realize higher interest rates=inflation=higher metal prices??? And for crying out loud, the "war on terror" will go on forever. Social Security is empty. Healthcare is bankrupt. ALl of this and more will only make the deficit continue until it can't. When is that? Who knows? Greenspasm will print 2 trillion per year if necessary, but at some point, monopoly money is worthless, and the world will HAVE to realize this. Greenspastic cannot fool everyone forever. He obviously has the ability with the cooperation and coordination of the gov't, the financial media, the CBs, etc. to wreak short-term havoc where chosen. But historical certainty CANNOT be done away with forever. The "lookout for #1" attitude and the total focus on avoiding ALL pain for immediate gratification ALWAYS results in fallen economies and empires. I don't believe there has to be an immediate replacement for the dollar as the "god" currency before it is seen for its true colors -- no matter how pretty the new ones are. And lastly, even though it sometimes looks like the "enemy" is basically impotent or even "created" to achieve certain things regarding land positions for oil, rewards for certain corporations, or new "laws" nearing dictatorship powers -- in their infinite "wisdom" a new hatred (justified or not) has been created as demonstrated by the current on-goings in IRAQ, and no matter what the chances, it only takes ONE domestic problem to shake this house of cards that Greenspasm and Company have built on something less than sand. I'll bet Greenspan and all his cohorts are having nightmares walking this tightrope. As much as I hate to say it, I'd love to snip the rope. At least there was SOME green on this today. Not a lot, but it's hopefully a start. finance.yahoo.comTHANKS.TO.SHAREFIN+INDEXES+%5exau+%5ehui+%5egox+%5etyx+%5edji+%5espx+%5eoex+%5endx+%5eixic+XAU.Stocks+aem+au+abx+fcx+gg+hgmcy+mdg+nem+pdg+sil+HUI.Stocks+aem+asa+bgo+cde+eco+fcx+glg+hl+kgc+nem+GOX.Stocks+aem+au+asa+abx+cde+fcx+nem+pdg+SA.Stocks+asl+drooy+hgmcy+rangy+More.Stocks+aauk+bvn+cbj+pmu+gg+gfi+gstd.ob+kry+rgld+ric+swc+tvx+vgz+Silver.Stocks+cde+hl+paas+sil+ssmre.ob+ssri I remain, SOROS