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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (7248)	6/16/2006 4:40:03 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217592

if bush really wanted to send a tough message to all, and say he heard the command from up above, he would have drafted volker ... as matters stand now, no fear, buy gold, before it is too late no one expected gold to reach 730 in the first place and as of now, no one expect a V recovery for gold who knows what can happen

To: Snowshoe who wrote (7248)	6/16/2006 8:38:58 AM
From: elmatador	Respond to of 217592

Can't do a Volcker today. In 1981 it was easier to do a Volcker. We paid to take the economy out of the doldrums with a lost decade. Not this time around. The cow is dry.

To: Snowshoe who wrote (7248)	6/16/2006 8:43:02 AM
From: elmatador	Respond to of 217592

Volcker caused the US to syphon capital and we kept the US afloat. >>During the years Latin American countries were borrowing abroad capital was flying out as heavily as it was being borrowed. According to a World Bank report: Mexico tops the league with $26.5 billion in 1979-1982, almost half the total capital inflow during the period. Venezuela is second with $22 billion in the same period, when only $16,1 billion officially entered the country. Argentina is third with $19.2 billion, while Brazil capital flight is estimate at a relatively modest $3.5 billion. “Much of the money being borrowed abroad was funnelled straight out again...In such cases, foreign borrowing was a recipe for disaster,” the report says. “With citizens of the fifteen largest debtor countries now holding at least $340 billion in ‘flight capital’ abroad, Treasury Secretary Nicholas F. Brady says winning some of this treasure back would be a ‘major opportunity’ to ease the third world debt crisis.” ... “Brady broached slapping a withholding tax on Latin’s accounts in U.S. banks. But the Federal Reserve Board blocked the plan, arguing it would cost American banks business. suggested that debtor nations be required to fill some of their foreign financing needs by reclaiming flight capital.” BusinessWeek International, Apr. 10, 1989.