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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 (46052)	11/23/2005 2:43:44 PM
From: ild	Respond to of 110194

Date: Wed Nov 23 2005 14:01 trotsky (rijjj) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "The conservatives, rightly or wrongly, are viewed to be pro capitalist whereas the liberal left is viewed to be pro socialist." this is tue, only that perception as we know is simply wrong. both parties have a broadly socialist policy, only in the Republican's case it takes the form of state capitalism. anyway, both parties support the welfare/warfare state and the fiat money regime ( and all that implies ) . neither party can lay claim to the spirit of liberty that informed the founders of the Republic. that 'pocketbook vote' looks quite short-sighted when one considers that the Bush administration has run up more debt in its brief time at the helm than any administation that came before. who do Americans think will pay for this? Santa Claus? Date: Wed Nov 23 2005 13:52 trotsky (Bleuler, 12:15) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "To be noted is he is a Canadian with typical Canadian sentiments and prejudices about the US. " that sounds as if you harbor prejudices about Canadians...apparently you assume that being Canadian automatically implies a certain mindset about the US. David Frum must have been plopped into the Canadian nest by a cuckoo. : ) anyway, i sure agree with you on welfare states ( bad idea ) and globalization ( i.e., i'm in the camp that believes it has more benefits than drawbacks, and i guess from your postings that you see it the same way ) , although i do doubt your statistic about Sweden. that's also not a scientific finding, i merely got that from LOOKING at Sweden. it doesn't look poor at all, in spite of having endured socialism for a long time ( possibly due to Swedish work ethic and productivity? ) . Date: Wed Nov 23 2005 13:40 trotsky (@Sinclair) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i generally respect Sinclair, although he has a bit of a 'nutty professor' air with his flowery prose. nonetheless, the man has made a lot of dough in the gold market, in every imaginable way, including finding a huge deposit in Tanzania. and he sure is often fun to read. however, i take issue with his fear-mongering, mainly because i believe that he scared a lot of people out of their shares just before they embarked on this most recent run-up, for no good reason. i've alway been a big critic of hedging myself, but it's easy to avoid the biggest offenders ( it's well known after all which gold companies are the biggest hedgers and thus could really get into trouble if gold rises strongly - there are only three after all, and if Barrick takes over PDG there will only be two left ) . i also don't like it that the banks require that production be hedged when granting project loans, but as long as this is done within reason i don't see it as too big a problem either.