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.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (25)	6/16/2005 9:25:13 AM
From: SliderOnTheBlack	Respond to of 50127

Fillmore thanks...Excellent piece by Auerback. re: Japan's unprecedented Inflation: ["But a recent analysis by Richard Duncan should give pause to all “Japanese inflationists”. In a February 2005 piece for FinanceAsia, Duncan made the startling observation that in 2003 and the first quarter of 2004, monetary authorities in Japan created 35 trillion: “To put that in perspective, Y35 trillion is approximately 1% of the world’s annual economic output. It is roughly the size of Japan’s annual tax revenue base or nearly as large as the loan of $2500 for every person in Japan and, in fact, would amount to $50 per person if distributed equally among the entire population of the planet. In short, it was money creation on a scale never before attempted during peacetime.”] ... money creation on a scale never before attempted during peacetime. - what more needs to be said, other than when & not if, the US begins to smother under the same massive deflationary pressures of debt...why would we not expect a Japan/Nikkei-Deja Vu for the USA & our Markets ? Gold breaking out Euro and now in Yen terms... and Japan has the perfect confluence of aging demographics, a huge savings base and little return offered from either the Nikkei, or interest rates. The catalysts for HUI 350 are in place. But, as Auerback stated...we can hardly expect the Central Bankers to freely allow Gold's rise without continuing attempts to squelch it's attempt to break from their shackles. But, I think that Central Bankers may have FINALLY reached a time & place, to where there are simply too many leaks in the Dike and not enough fingers in which to plug them....and the International Bankers & Currency Players have arrived to the Gold Market and they, unlike the Commodity/Momenteum Players and Longtime Goldbugs.... have the Capital to Break Gold's Supression. $`