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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (12966)	6/12/1998 1:42:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 116795

Rubin knows what I've stated. Good times will persist as long as the yen falls. He prefers the yen to fall slowly just like the BOJ. Doesn't matter what they think or think they can engineer. The reality is they will be pumping. Treasury yield movement doesn't alter the principal, but inflation's debasing of the principal's buying power does have negative consequences on social security recipients. Central banks don't enter the gold market with the exception of gratuitous contribution or other insignificant manipulation. They don't need to. They have been buying bonds with yen converted to dollars, not the BOJ, but the Japanese people, banks, corporations. The BOJ settles its yen-dollar transactions through the T-bill market. Just like the EU the only Asian unified currency there could be would be a central bank clearance vehicle. If that is coming in Asia, it is way off in the future. I don't even believe the Europeans will make the EU systems work. In a way it means sacrificing autonomy and sovereignty. Europeans like to come off as big believers in pseudo-socialism, but when you get down to the nitty-gritty that hard times divulges, they turn on you like a mad dog and show their imperialistic tendencies. They can't be trusted. Without the existence of the US, the Europeans would have incinerated the earth in nuclear fire. The Japanese banking system has no real problems. This is all grandstanding to divert the attention to irrelevancies. The problem is not one of US momentum. The problem is change in momentum. Positive change that is. The conditions in Asia and oil are causing the US to accelerate in activity. The FED econometric models can only extrapolate linearly. Non-linear extrapolation is incoherent.