how easily we forget

Thank you Shania for your help,good team on CXY.

Greg Earl..yesterday's FR..The US is now dependent on
Asian countries to fund its GOV/DEBT,and re-capitalise
companies.Lets take the article a little further......

The ASIANS in 1997 were in the same boat as America today,
simply stated..every nation in the world is recklessly
printing money,in varying amounts,and everyone accepts this
as normal..some of these Asian countries were increasing
their money supply[roaring printing presses] by as much as
50% annually. During 97/98', economic mayhem ruled the roost
over there, with mutual funds dumping their holdings in
plunging stock markets,corporations were wiped out,and
governments were teetering on the abyss...however they
escaped that fate..when the IMF stepped in [sound familiar]

There have been many currency upheavals in 'recent times'
Asia 97/98,..Russia 1998,..Brazil 1999,..Ecuador 2000,..
and Argentina,Turkey,Uruguay in 2002,..etc.etc,etc,..
look at how these countries have flourished since.

Another example..when president Nixon took America off
the gold standard on 15 Aug 1973,it ushered in the worst
stock-market plunge since the 1929 crash.

Seems like every generation loves to compare its financial
mishaps to 1929.

Another example..America went off the gold standard in 1922
the worlds stock markets 'almost' collapsed yet again,..
how did they fix it....the same as in 1973...in both cases
a flood of 'New Money and Credit'..eventually pushed world
markets..Sharply Higher'.

[note the 7 year time span from 1922/1929]

If we were going down the Gurgler gold would be $2000/3000
0z BY NOW.This mess will work itself out soon enough,it is
a game they play called..the truth is but a lie undiscovered

After 2011 we may see gold at the above prices,but not yet.


COUGAR will come out the other side of all this smelling
like roses..for electricity is the last thing people will
give up.