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To: MUDMAN who wrote (3722)12/2/1997 6:46:00 AM
From: Bobby Yellin  Respond to of 116815
 
I find it very very strange that now all the news is coming out about
all looted world war two gold and how the Swiss and even the USA played a part in laundering..now when there is repayment coming down
the road..the central bankers are pushing gold down as furiously
as possible(I can't give them credit for the timing but boy is it weird timing)...wouldn't it be neat if a Soros or a group with deep
pockets would tell the survivors to take possession of the gold they were owed rather than the current dollar value which
at this point in the gold cycle would be another incredible looting..
the deep pocketed group would set up some esoteric system of compensation(another hedge fund..possibly shorting the bond market or
equities market) until the west has to reinflate and everything except
hard assets get trashed..
next problem:
global economy yes?
inflation in the east? yes? no? all their debt because of their devaluation has inflated to sky...all the goods imported from the states inflated to the skies..
deflation in west? yes? all the labor from the east..seriously down..
more goods stay at home..more food stays at home..too expensive for
east to buy...further deflation..
how can you have a global economy when one part is in inflation and
the other part is in deflation? who wins what?(I know that currently
the short term solution is to put ones money in "safe" blue chips
with the dollar being a much safer haven than anything :>")
"where shall the twain meet?"(could there be a war?) (or whatever that expression is)
global economy...global Scylla and Charybodis...it is going to really
be fun when the European Union gets going..
(I don't like to read the newspaper anymore because instead of reflecting prosperity throughout the world..it just is reflecting
more and more disasters and spreading of poverty etc..
gee..did you read that in Java..the natives are selling their gold
to buy water...the "great powers" are busy bailing out their friends
and can't even help with the lack of rain and starvation of the average
person..wonder where the Red Cross gets their money from :> )