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To: freeper12
Ultimately, "the US government has a technology, called a printing press ... that allows it to produce as many US dollars as it wishes at essentially no cost ... Sufficient injections of money will always reverse a deflation", he says.

BWAHAHAHA! Fools. They seem to think it is so easy to fix a credit and deflationary spiral. Like pumping air into a ballon that has been popped, zipping around the room.

With such short-sighted monetarists and Keynesians at the helm, the smart ones among us are doing two things: getting out of all debt and buying precious metals. Things are going to get worse before they get better. Unemployment now above 6% and another surge of layoffs coming in January.

39 posted on 12/10/2002 9:58:08 AM PST by fogarty
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To: fogarty
I've never bought the gold arguement before...but for the sake of argument, if someone wanted to park some money in gold, how do you do this best? buying shares in a mining company?
42 posted on 12/10/2002 10:08:47 AM PST by freeper12
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