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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (504)	12/4/2009 6:17:54 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 621

Hi jfred. With gold now at $1200 and people eying the exits, there is obvious doubt that the US$ is going back to its pre-Big Bang super-dilution state any time soon. <The Fed is sitting on nearly half of all the Treasury debt that has been issued since the crisis began. When they decide to fight inflation they'll be selling those T-bills into the banking system to soak up as much high-powered money as they can. Good luck to the Fed in guessing when the right time comes to do that. The gold market already thinks it's much too late. > US$ is being treated like Mugabe's money but it's still acceptable in Zimbabwe. Mqurice