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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (832)	12/22/1997 6:35:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 1756

If I am not mistaken, in the opinion of ole 49r, the goal of Bretton-Woods is to effect GOLD=US$=EMU and eventually, to effect GOLD=US$=EMU=AMU. (EMU being the new European currency and AMU the new Asian currency). If, indeed, this is in the works, the US Fed certainly does not seem to mind stepping down to equality. Sounds too good to be true, eh? In Kutyn's Currency Chaos and Financial Collapse, Part 2, however, it would appear the US would prefer nothing better than to be the sole issuer of the world reserve currency because of the political and economic advantages that the US would enjoy as a result.

To: philv who wrote (832)	12/23/1997 1:44:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 1756

Philv asks: O/49: EMU, FRB & POG The Fed. Reserve is obviously co-operating with Europeans to establish the EMU & $EURO. Any thoughts as to why? A strong $EURO will result in a dimunition of the $US, as a sharing of seniorage is inevitable. The F.R. could put road-blocks in place, simply by say sending certain signals, or by buying gold. Failure to do so, in the face of loss of prestige & real financial loss, is what I cannot at this time understand. Do Americans understand the consequences? Who are these guys working for anyways? My reply: Ur last ? is obviously easier t'answer than t'1st 2?, philv(grin) They , the Fed Res. boyz/goilz are in it for themselves, since there are no restrictions on them using said position to benefit personally from their knowledge, as has historically been demonstrated by past Fed. Reserve Chrs, our own beloved GreenExpand chief among them! Do American's understand (partially or fully I would add...) That answer is also very easy... NOPE! Most American's don't understand. Most have never heard of seniorage, let alone understand the consequences of competitive seniorage! Now the first question is also easy to see the answer if you buy into any portion of my CB/Gold analysis as put forward on my website: The reason the FRB is participating is this: We have to monetize our debt, plain and simple. There will be no payback in ours nor the next 6 generations lifetimes. Tis impossible. Therefore, the debt will have to be paid either in newly printed $$ or repatriated dollars. The establishment of a 2nd world reserve currency, effectively cuts our reserve currency in simple math by «...yes one half! Therefore, we repatriate our dollars by re-buying our enormous global bonds back, destroy the "overage" due to wear and tear etc...and nobody misses a beat. Does this help? O/49r