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To: Enigma who wrote (33144)	5/4/1999 3:51:00 PM
From: Zardoz	Respond to of 116756

"Difficult to argue with you of course - because you find definitions of deflation to suit your book." What the FED's OWN definitions of Deflation and inflation aren't good enough for you? Man you are sick!

To: Enigma who wrote (33144)	6/14/1999 12:11:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 116756

With reference to gold doing best in deflation: DoubleD: "Or you say 'gold always goes up in times of deflation, and not in inflation' I say 'prove it'" Well, appearnetly I'm not the only one: Gold In A Deflationary Global Economy "Yet the average consumer has virtually no idea how to invest or preserve wealth during deflation (some express that they do not know what deflation really is), nor does the average investor know how to handle his or her investment portfolio during deflation, for the current generation has not yet had to deal with it. To top it off, the average consumer is not aware of the true nature of gold and how it truly acts--both as a store of value and as the most important commodity on earth-throughout times of inflation as well as during deflation. This report, then, will likely shatter the belief systems of most investors who read it. Yet the data and the research has always been there for us to peruse, for I am not the first to delve into the statistics deeply enough to factually ascertain gold's true tendencies during the cycle of inflation and deflation that has repeated itself so consistently throughout centuries of history." gold-eagle.com "On the other hand, deflation occurs after too much money has been created by excess lending and borrowers cannot pay back their loans. The resulting defaults are, therefore, deflationary because the money that the bank created through its loans was not paid back, and money circulating in the monetary base is destroyed. Thus, bank loans and inflation create money, and debt defaults and deflation destroy money. When money is destroyed, it is literally taken out of circulation-the opposite result from that of loan creation." gold-eagle.com Jastram, ahhhaha finally found your successor?