Freedom Lawyers of America
A site that will chronical the dark side of the news to show what happens when freedom is dying and to sell his books SHELLY WAXMAN'S BOOKS. We also foster and certify the proper use of independent contractors. http:independentcontractor.info CHECK OUR WEBSITE http://thelawyer.info WHERE YOU CAN ALSO ACCESS OUR FREEDOM LAWYERS YAHOO GROUPSaturday, March 01, 2003
REPLY TO POST
other members, along with my reply. Greenspan has said that if the debt
level reaches 2% of GDP, there could be a financial implosion. It is a sure
thing in my mind that it will. It would be a hyperinflationary depression.
Government expeditures are zooming and revenues are falling, as well as the
same thing at all levels of the massive governmental structure that we have.
The Fed is doing every thing that they can to prevent deflation, including
aiding in the financing of homes by financing mortgage paper. Everybody is
experiencing the crush of ads for refinancing, home equity loans and credit
cards caused by the need to move the available money. But it is not having
the expected effect.. Bankruptcies and foreclosures are hitting record
levels.
Greenspan has disobeyed Friedman's basic stricture for the Fed--keeping the
money supply constant. First he put the credit crunch, causing the burst
bubble, and now making up for that mistake he is flooding us with money. The
classic definition of inflation is too much money chasing too few goods.
That is going to happen, is happening. Based on an annualized rate core
inflation is at 3.6%. .3% last month. That is no problem but it appears to
be rising. Of course the price of oil is going to have a tremendous
inflationary effect but it is not considered because the price of oil is
based on short term cyclical factors.
What you say is going to be proposed, if true, would in any event take a
long time to become law and can have no effect on the present scenario. The
gold spot is currently $349 and has remained steady at 345-50 range for
sometime now. Remember, it was only months ago when gold was $260. Anyway, I
have made my bet and this is my opinion. If I am wrong I will pay dearly for
my opinion. Hope I'm right and not you. ( :---))
Sheldon (Shelly) Waxman, Lawyer
Author of "In the Teeth of the Wind"and "All Anybody Needs to Know About
Independent Contracting"
PURCHASE AT MY WEBSITE: http://thelawyer.info/ OR Call Iuniverse toll free
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----- Original Message -----
From:
To:
Sent: Saturday, March 01, 2003 6:50 AM
Subject: Re: [Freedom Lawyers of America] GOLD AT $336.40-6:41p.m. Eastern
> --- In freedom-lawyers-blog@yahoogroups.com, "sheldon waxman"
>
> > I am new to your site,, my name is Bill Harrington,, I live in
> Michigan,,, also I am not an expert on anything,, lol,,, However, may
> I suggest before you leap into the Gold market, that you pay some
> attention to Mr. Greenspan,,, Gold will only go up if we have
> inflation,, currently it is speculated that Inflation will result
> from the coming war,, as it always does when their is war. What you
> need to know is Greenspan is proposing a new method of Calculating
> Inflation,, it is most certainly a done deal, considering Republicans
> will do anything if it cuts Benifits to the people. That said, what
> Greenspans proposes will cut the COLA payments to Social Security
> Benificiary,, suggest also it would save about $40 billion. With this
> interference in the growth of inflation,,, Gold may not glitter, like
> you think it will. BH
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