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

To: ild who wrote (32865)	5/20/2005 11:56:32 AM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Fri May 20 2005 11:42 trotsky (strat, 10:11) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved this is a rather naive view. when the state spends money on military gadgets, it contributes to the 'eating of the seed corn' that bedevils the economy. essentially, this spending is a waste of scarce resources ( since the only thing military gadgets are useful for is DESTROYING things ) . it is non-productive spending that diverts resources from where they could be used to much better effect. in short, while government's spending sprees are reflected in reported "GDP growth" they really weaken the economy structurally and have very negative long term effects. you are of course right to call it a 'gravy train' - it is one for those well enough connected to make hay from this misallocation of capital. nevertheless, for the economy at large, this is bad news indeed. Date: Fri May 20 2005 11:03 trotsky (OZN infill drilling) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved click here ... biz.yahoo.com more confirmation that Essakan is a very solid deposit...there can be little doubt that this will become a major mine. add to that the numerous wholly owned ( Essakan is a JV with GFI which is financing the drilling and feasibility ) deposits OZN is drilling in addition to Essakan ( all looking good thus far ) , and the fact that the company is financially sound, and it's beginning to add up to the next IAG. Date: Fri May 20 2005 10:15 trotsky (the Vet@GRZ) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved you're right that in principle, both GRZ and KRY should make for juicy takeover targets. the only problem as i see it is whether a major producer can actually be enticed into Venezuela with Chavez at the helm there. it's a very unpredictable investment climate, considering the recently imposed surcharges on foreign oil producers. Date: Fri May 20 2005 10:08 trotsky (the Rand) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved the recent swift decline has only had a short reprieve yesterday. it's not only continuing, it seems to be accelerating somewhat. now at 6.4995 bid. not surprisingly, the former 'dogs of the gold sector' are among the few shares showing some strength ( even if its' not much ) . Date: Fri May 20 2005 10:03 trotsky (@Iraq) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved some time ago i mentioned that there was an essential flaw in one of the major arguments in favor of 'staying the course'. the argument went: 'but if we leave, there will be civil war'. i contended that there will be civil war even if 'we' stay. QED - as it now looks as if civil war is indeed breaking out. Iraq could well remain a 'failed state' for years to come. it is highly questionable if its territorial integrity can be preserved in the long run. of course this means that another fortune in US tax payer money will be thrown down this bottom-less well, as regardless of which party is in government, the 'loss-of-face' syndrome will see to it that 'staying the course' remains the policy, whether it is likely to be successful or not. therefore, large and growing budget deficits are almost certain here to stay.