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

To: paul ross who wrote (3638)	2/22/1999 1:36:00 AM
From: Hawkmoon	Respond to of 81840

Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. Just as those who create drastic inflation and accumulate severely inflated dollars are the ones who benefit when central banks inflict deflationary or hard money austerity measures on an economy. Those with the cash get to enjoy the increased purchasing power of their hoards of previously inflated currency. And they do this at the expense of the common soul who is lucky to make rent each month, let alone have significant savings. But I guess a farmer who has his property foreclosed upon is not having his "wealth" confiscated by the financiers. Hmmm.... Which side to join. It is so difficult to decide. Regards, Ron

To: paul ross who wrote (3638)	2/22/1999 3:23:00 AM
From: marcos	Read Replies (2) \| Respond to of 81840

paul - i'm no constitutional lawyer, but just taking those words literally it does seem to me to say "No state shall .... make anything but gold and silver coin ..." - doesn't seem to specifically prohibit the feds from doing as they please. Unless you take the word 'state' in its generic sense ... and it doesn't look like that was the intended meaning. With respect to the food fights - Hutch and Bill Murphy and Ron Reece and ole 49r are extremely bright and informed people, they've all made some great calls and they've all made some bad ones. And it all goes together to make some fine reading, which i hope continues. Ron could maybe be a little less voluminous. Bill could maybe be a little more open-minded and show some proof of big net gold shorts. Hutch and 49r could maybe be a little less quick to anger and retort. And I could maybe mind my own business, and keep my mouth shut. But hey - where's the fun in that. S&P, dxy upticking - mrci.com cme.com