Mario Goveia wrote:
> The real but negated US victory in Vietnam was
> confirmed much later by Viet Cong Gen. Giap who said
> in his memoires that he was shocked when the US pulled
> out just when they had his forces on their knees
> because the anti-war Democrats in the US Congress
> succeeded in cutting off funding for the war.
Marcel Proust said, "All the mind's activity is easy if it is not subjected to
reality."
> You still haven't explained the REAL secret of your
> success in picking the bottom of gold prices, if in
> fact you did so without counting on your incredible
> luck. I did not understand your detailed explanation
> to Roland based on price charts in 2008 to pick prices
> in 1997-2001. I doubt he did either.
Let me try explaining it this way.
In an almost previous life in Africa, I would shoot two or three lobsters every
time I went out spear fishing. We would then take the lobsters to a tourist
hotel and get a chef to cook them. Some chefs would comment that I was very
lucky that day. My standard response, then and now, is that the harder I work,
the luckier I get.
> The Bush income tax rate cuts in 2001-2002 led to a
> massive increase in federal income tax receipts but
> where he and the US congress failed badly was in
> controlling wasteful federal spending, plus they had
> to rebuild the US's defense capabilities after 9/11.
> This led to the deficits and a corresponding increase
> in the money supply which has devalued the dollar and
> made gold more attractive.
Yep, when the running of the US govt depends on the Chinese and Japanese buying
its treasury bills, the US economy is in trouble. On the other hand, those
holding non-US currencies find that they can now buy great US companies at give
away prices. This weeks INBEV's deal is a prime example. Its next step is to
get the US treasury to pay for its expansion in the US or threaten to move
Anheuser-Busch's HQ, and taxes, to Belgium. Less taxes for the US means more
printing of money....
If you are going to reply to this post, please tell us:
1) What rate of inflation the US reported today.
2) If todays inflation numbers will make the US dollar weaker or stronger.
Mervyn3.0
"Inflation is as violent as a mugger, as frightening as an armed robber and as
deadly as a hit man."
Ronald Reagan
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