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

To: Claude Cormier who wrote (14311)	5/23/2004 12:04:18 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 110194

I agree also. However, I think I can trust an independent LBMA vault that says me I am holding your gold in my safe for you for a fee. <In this case, most of your capital should be allocated to the "automatic weapons" asset class. -g-> I don't think it will go that far. Why not? If you believe that the only security is in the actual hard asset itself... What percentage of the public will hold that hard asset? Miniscule numbers. Is a hard asset that relatively few own going to be more useful than a weapon which it seems anyone can obtain? My problem - and forgive me, I am only thinking out loud, far from reaching a conclusion on this - is that it seems to me the total unraveling of the economic foundation delivers no winners, only the opportunity for anarchy on a mass scale. Sharper tools than bars and coins will be needed if that is the case. The 21st century is not a kindler gentler place than in the early 20th century - the weapons are better now.