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

To: Pete Young who wrote (18066)	9/8/1998 3:17:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 116895

No gold ran up THEN Roosevelt valuated by fiat in 1934. It went from 20 dollars an ounce to 35 in the depression. Roosevelt fixed gold before it could trash the dollar and to hide inflation that he had planned. Two chickens in every pot. With gold at 40 bucks he figured he could not hide what was obvious. Inflation had to occur to restart prosperity. He also intended to buy currencies and make the $Us dominant. Again he could not do that without hiding the true US money supply. He had lots of gold, oil and dollars so he knew he could get away with it. One ofthe big keys was Texas oil. It ran the WWII. Also productivity was at an all time high. It worked for 20 years. In 1972 it all came apart. Nixon honestly thought Gold would go to 16 dollars an ounce. In 8 years it was 800. No matter how hard you work in this world you work to make Americans richer as long as they control the price of their own currency. You can outproduce them in man hours per widget two to one and you still won't make any money selling them as long as they peg gold and the dollar as the master currency and sell phony paper as payment of debt. If you outproduce them they just up the value of your currency and plead poverty, if you devalue they put up trade barriers and force you to buy their debt. Mike Milliken went to jail for it. The US Presidents give themselves medals. My ancestors realizing this sold all the means of production to them and made money off it. Along comes free trade and they will give it all back. Stop that puppy before we are all in the poorhouse. mialto:echarter@vianet.on.ca