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To: Elroy Jetson who wrote (23450)2/12/2005 8:09:50 PM
From: orkrious  Read Replies (1) | Respond to of 116555
 
I knew you were both explaining it in your post and implying what we would end up on some kind of gold standard. It was your use of the word soon that was not clear to me.

Soon as in almost immediately following in your post, or soon as in maybe over the next few weeks/months the shit will finally hit the fan? I still am not sure.

I ask because you are as smart as anyone I've read on SI and I value your opinion. I am wondering when "the pain of not making the change far exceeds the pain of changing" will start to manifest itself in the mainstream news, the stock market, and the gold market.



To: Elroy Jetson who wrote (23450)2/13/2005 12:16:03 AM
From: John Vosilla  Read Replies (1) | Respond to of 116555
 
While the explanation is obvious, moving from a Monetarist economy to a Capitalist economy involves disruption and adjustment to a new world.

I thought we had moved to a socialized ownership society? Fuel excess liquidity and credit. Make US consumer the buyer of last resort so others can fund our deficits and keep interest rates abnormally low. To add insult to injury hide the true CPI and penalize the savers, small business and workers while rewarding excess speculation in the only game in town still left..