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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: C Hudson who wrote (3596)	2/20/1999 9:33:00 PM
From: Bill Murphy	Respond to of 81822

Chris, Life is one of different opinions. Our ilk thinks a certain way. There is nothing wrong with challenging our thinking. What is wrong is to be negative about those that try to challenge and question the status quo. Thank you for being an individual who can think for himself. Thoreau and Emerson would be proud of you. I hate to to put forth aspersions about ANYONE. I have been so patient with this Hutch person. He never complements or offers anything constructive, ever from what he has communicated to me. This I will not respond to him anymore. And I have said so. Our GATA effort is historical and monumental. I cannot dwell on the twiddle dee, twiddle dah ( Hutch, that is you, and I would love you to be an internet friend, but consider a change of your act ). We (meaning the outraged gold shareholders of the world), are going to change history. I GUARANTEE IT. Never has such a big issue been such a big deal at the advent of of a new communicative medium. Why it will work is that we have truth on our side. So Be It- as Shaka the Zulu said, Bill

To: C Hudson who wrote (3596)	2/20/1999 9:47:00 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 81822

CHudson, Just because certain people are upset about their particular asset losing value is no reason that ALL OF US should not retain some decorum out here. Afterall, we're all out to make money or preserve that which we might already have. Should the POG turn upward, traders like Hutch could simply go long and make a buck that way as well. The key issue here is that it is quite obvious that the world is still being hammered by deflationary pressures with regard to commodities. Look at oil and the glut that has existed there, and then we have copper, nickel, ... etc, all at multi-decade lows. So now we have the CBs extending monetary liquidity in a gamble to stabilize the global economy by using the US economy, with dollar denominated assets, as the engine of growth for the rest of the world. The Fed can do this because there is currently no alternative to the dollar as a safe haven of wealth perceived by the market. Gold is normally a hedge against inflationary pressures and there are no signs of inflation evident. So gold's price has naturally declined due to the lack of those signs of inflation. But now the CBs see a threat to the dollar being presented by the price of gold. Although there is no maajor inflation pressures in the economy, there is a crisis of confidence being perpetrated by angry goldbugs who feel their asset should not suffer the same deflationary pressures as other commodities. These gold enthusiasts don't believe in the current Fiat financial structure, and instead of waiting for it to fail on its own, they are seeking its destruction and replacement with another gold standard for paper currency. Destroying the perception of value in Fiat money is the only way they can spark the ancient pyschology of gold. But replacing a currency fully backed by the US government and its people, a gov't I might add, that has NEVER (so far as I can find) canceled, devalued, or confiscated its paper currency as history shows so many European nations having done. So now the powers that be, the CBs and finance ministers, intent on using the US economy and dollar as the mechanism of global recovery, now will be facing the possibility of having their strategy interfered with by those who think a shiny metal is more valuable than the economic, military, and economic strength of the most powerful nation on earth. Hmmm..... A few questions to the thread in general? How do you all think the CB's will respond to an artificial short squeeze in gold that essentially "devalues" the dollar?? Are these the same banks that how some 14 years worth of gold production under their control?? Will they sell it into the market?? What would be the psychological and actual impact on the POG should the CB's commence sales in order to defend the dollar??? What other economic effects might transpire should Bill Murphy's "holy war" manifest itself, with the consequent counter-attacks by CBs?? I'm just trying to game play this thing out and keep some of the emotions on hold. Personally, money, whether Fiat or backed by silver and gold, are tools of exchange possessing only the value that human beings impart to them. Humans have been doing quite well placing value in Fiat money for some time now, and having an alternative gold oriented psychology inflicted upon them will not be uneventful. Regards, Ron

To: C Hudson who wrote (3596)	2/21/1999 5:13:00 AM
From: Bobby Yellin	Respond to of 81822

Great post..I also find Hutch's posts extremely important.I also take Bill's posts very seriously! " Not to mention, the essence of capitalism is FREE markets." that I don't agree with..It just seems that it big government intervention..As Marty says,don't fight the Fed..Rubin appears to know how to move markets..Since his concern is for the US economy,he doesn't appear to care about the rest of the world and the havoc this financial bubble has caused on so many other human beings around the world..I can't imagine the anti american sentiment building.. What goes around comes around..(I do think Rubin is a brilliant and honest man..I just don't like his method..) I freaked the other day when I heard Larry K. on CNBC mention Baker's suggestion of a basket of commodities for currency anchor as a good thing(unless i misheard him)..I too believe that the price of gold has been manipulated..to create the illusion that all is well..in the mean time,with Washington's strategy to keep the economy bouncing, the distribution of wealth with so much money flowing to a few and the majority of citizens working harder than ever,and with the weird terminology of surplus and with the massive trade deficit,aren't these top seals turning the people fearful of no social security or pensions for retirement into lemmings?