To: Winzer who wrote (884 ) 4/10/1999 3:04:00 PM From: E. Charters Respond to of 1319
the politicos always did prefer bullshit over meat and potatoes. Of course you need bullshit to grow potatoes and feed for the meat but I never thought of it as the object. the elected liars have taken one aspect of business, communications tech and calculation services and made it the object of all progress. It is fundamentally weak infrastructure. All the real buts and bolts of business are hard assets; buildings, land, equipment, raw materials, machinery, rolling stock, etc.. but what we did by hand for 10,000 years to keep track of what we were actually doing has now taken precedence. All the rich economies of the world make things. Germany, Japan, US. Big manufacturers. Cozy relations by loans with the raw material boys. so maturally they want to weaken other's manufacturing and service sectors and the pre-eminence of their markets and currency as consumers and traders makes it easy for them to do so. But what if the raw material nations formed a conglomerate and rationed the existing resources by a pool agreement? It is the only way to keep the price high enough to continue production. sort of an opec of metals. the lme and the comex have an unreasonable tyranny over prices. gold is totally manipulated. does anyone really trust the alternative after all these inflation and bust cycles? what we have right now is a massive paper expansion which serves to keep gold low with the help of the various feds who fear the alternative.. since gold is seen as money what is the effect of 1600 dollar gold? it is the equivalent of inflation.. so low gold price is the smokescreen they need. If all the money had gone to consumption instead of internet stocks then the inflation index would be 5 times what it is today and that would only be fair as the M1 has outstripped production by about that amount. EC<:-}