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How the Economy was Lost (Ex-Reagan treasury official confirms gold suppression scheme)
www.gata.org ^ | 02.25.09 | Paul Craig Roberts

Posted on 02/24/2009 6:39:35 PM PST by dollarbull

The American economy has gone away. It is not coming back until free trade myths are buried 6 feet under.

(Excerpt) Read more at gata.org ...


TOPICS: Business/Economy
KEYWORDS: bahog; gold; paulcraigroberts; pcr
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Got Gold?
1 posted on 02/24/2009 6:39:36 PM PST by dollarbull
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To: dollarbull

PCR is off his meds again.


2 posted on 02/24/2009 6:43:47 PM PST by SeeSharp
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To: dollarbull

Question: Free Market vs Free Trade... what’s the difference?


3 posted on 02/24/2009 6:46:20 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: SeeSharp

His exposition makes a lot of sense to me. Please explain where/how he’s wrong?


4 posted on 02/24/2009 7:14:31 PM PST by Bernard Marx (Free California from public employee union rule!)
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To: dollarbull

Gold may have made a major top last Friday. It just might revisit the $600s soon. But eventually, the POG will be in the thousands, or even the tens of thousands of dollars. The question is when? As Lord Keynes famously said, “The markets can remain irrational far longer than you can remain solvent.”


5 posted on 02/24/2009 7:17:52 PM PST by sourcery (Beware The Obama-nable Snow-job Man)
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To: sourcery

Possible, but how much of the metal can you really get if it does? Also it was options experation today which means the usual take down to push in the money options back out.


6 posted on 02/24/2009 7:26:16 PM PST by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: DarkWaters
Possible, but how much of the metal can you really get if it does?

Are you kidding? If you believe it will be in the high 4 digit price range why buy then? who cares if you can buy it then? You should be selling then, that which you bought now. See post#1 on this thread
7 posted on 02/24/2009 7:29:03 PM PST by dollarbull
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To: Bernard Marx
Please explain where/how he’s wrong?

For the last ten years or so PCR has been touting this crazy theory that commodities don't obey the law of comparative advantage. This he uses as a basis for arguing that we should end free trade. The guy is just nuts. Free trade is our only hope. And the division of labor has no natural borders.

8 posted on 02/24/2009 7:55:57 PM PST by SeeSharp
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To: SeeSharp
Free trade is our only hope. And the division of labor has no natural borders

True enough, greed knows no bounds .... So how you like the new Democrat House - Senate and Presidency?

9 posted on 02/24/2009 8:01:09 PM PST by investigateworld ( Abortion stops a beating heart)
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To: dollarbull

I am talking about the $600 level alluded to in sorcery’s post. When we had the last smack down starting in July of 2008 we saw some long delays in getting gold and especially silver depending on what it was you wanted to buy, who the supplier was, and quantity. The US Mint early on in the year originally announced the suspension of silver eagles, which later went to allocation. We saw a similar thing with gold eagles as well. They still are not producing anything less than one ounce at the moment. Hence my question of how much metal can you get if it does. Sorry I didn’t make it clear.

Second, if gold is going high pour digit prices, selling is probably not what you’re doing to with it. Hyperinflation will be the real problem, and assuming that there is some stability then you may be able to use gold as money in those circumstances. If things get really out of hand, then gold will simply be a preservation of wealth earned for some time down the road where their is stability most likely your kids or grand kids. Hyperinflationary depressions are a totally different beast compared to deflationary depressions. French Revolution, Argentina, Soviet Union, etc. At which point, you better have a lot of lead with copper cladding.


10 posted on 02/24/2009 8:03:08 PM PST by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: investigateworld
True enough, greed knows no bounds .... So how you like the new Democrat House - Senate and Presidency?

Are you just free associating or is there a point you'd like to make?

11 posted on 02/24/2009 8:04:07 PM PST by SeeSharp
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To: SeeSharp
And the division of labor has no natural borders.

This makes no sense, borders are man made things to PROTECT the population, nothing natural about them.

12 posted on 02/24/2009 8:14:13 PM PST by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
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To: SeeSharp
Hmmmm couldn't make the connection uh?

Free Trade, like Marxism looks great in theory, but in actual application? The winner gains little, but the losers suffer far more. AS I predicted, McCain would lose this election because folks are worried about their future, and this fool rubs it in with 'those jobs aren't coming back' comment...

They see Wal Mart - Lowe's, every big box store carry more and more Chicom junk and know their job will be next to be off shored.

We all laugh at 0's hope-hangy thing, but look who's pushing his agenda? With a supportive Congress.

All of which I blame on the short sighted Free Trade crowd.

13 posted on 02/24/2009 8:14:40 PM PST by investigateworld ( Abortion stops a beating heart)
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To: DarkWaters

OK, gotcha. I agree


14 posted on 02/24/2009 8:21:14 PM PST by dollarbull
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To: investigateworld
Free Trade, like Marxism looks great in theory, but in actual application?

Only Marxists and people whose understanding of Marxism is limited to cliches believe that it looks good in theory. Free trade however is both theoretically sound and empirically proven. It works every time it's tried. Look at all the benefit you've gotten during the last decade from cheap goods from China. Would you rather have paid more?

15 posted on 02/24/2009 8:23:25 PM PST by SeeSharp
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To: dollarbull

With a good sluice box and pan, gold is free. You just gotta’ know where to get it, and put in a little hard work.


16 posted on 02/24/2009 8:23:35 PM PST by pallis
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To: dollarbull
It is not coming back until free trade myths are buried 6 feet under.

Yep. Amazing how people whose jobs are outsourced stop buying as much stuff and then the whole economy collapses when they run out of credit. It's almost like some of us have been saying that all along.
17 posted on 02/24/2009 8:25:50 PM PST by mysterio
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To: SeeSharp
For the last ten years or so PCR has been touting this crazy theory that commodities don't obey the law of comparative advantage. This he uses as a basis for arguing that we should end free trade. The guy is just nuts. Free trade is our only hope. And the division of labor has no natural borders.

Free trade is simply not working. Fair trade might, but it has not been tried. The current system of "free trade" is merely a world of parasites sucking the blood out of the Golden Goose....and we are that goose.

Free trade better become Fair trade pretty soon, or the veins will be dry.
18 posted on 02/24/2009 8:31:45 PM PST by Arkinsaw
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To: dollarbull

Bump for later.


19 posted on 02/24/2009 8:38:03 PM PST by Question_Assumptions
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To: SeeSharp
There are numerous cites where Karl Marx supported free trade.

So here we are with a Marxist-Socialist in the highest office in the land - and he also dropped the 'Buy American' proposal in the bogus stimulus package.

Of course he would - who benefits from our openness to trade? Give you a hint. China.

And yes, I do pay more for American made goods - the Dollar is not my God. You know Spain used to be a first rate world power? But they decided they were too good to manufacture their own stuff and lived off the gold and silver of the New World.

Just as we are living off the supposed soundness of the Dollar.

And now we see China as the coming super power, thanks to the Free Trade crowd.

And by now you've heard of the 'Rust Belt? We saw North Carolina go into the Demo column, used to be a stanch conservative state but with the factories shutting down, may as well go for the free pork being passed out by 0. "Empirically Proven" ? Just look at who controls Congress and who is sitting in the White House.

20 posted on 02/24/2009 8:47:04 PM PST by investigateworld ( Abortion stops a beating heart)
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