To: "lib" <libnetd@yahoogroups.com>
Cc: "freedom" <freedomseek@egroups.com>,
   "offshore" <offshoredestiny@egroups.com>, "real" <realtruth@egroups.com>
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From: "Destiny Worldwide Net" <rcg@destiny-worldwide.net>
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Date: Mon, 30 Jul 2001 17:09:21 -0700
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Subject: [libnetd] MOre on possible financial crisis
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This looks like a really interesting post:

Subject: The CRISIS!!!
From: "Ken Griffith" <kgriff@swva.net>
Date: Sun, 29 Jul 2001 15:18:34 -0400
X-Message-Number: 2

This certain talk about a US crisis in August is giving me flashbacks to
Y2K.  Sure we all know that the US financial system is a house of cards.
But, doom and gloom date-setters have an almost perfect record of being
wrong.

It is interesting that both China and Russia are ENCOURAGING their citizens
to buy gold.  This is a whacky world when the red commies are encouraging
private ownership of gold but the governments of the "capitalist" West are
playing smoke and mirror games to KEEP their citizens from buying gold!

I think I feel an article coming on...

The stainless steel colossus of the United States seems unstoppable as the
world superpower.  Except for its achilles heel.  The Dollar.

Foreign citizens have been snatching up US 100 dollar bills as the savings
instrument of choice for a couple of decades, allowing the US government to
inflate away the money supply without feeling inflation at home.  Foreign
citizens have been financing the US government with their savings.  The end
result is that there is more cash outside the US than inside the US.

Our two largest former opponents, now competitors, Russia and China, which
together control almost one third of the world's population, are upset to be
left out of the game as, in the case of Russia, their communist policies
destroyed their economy, or in the case of China, communism kept them in the
dark ages.  It must burn their national pride to see the US Dollar being
used as the savings instrument of choice by their citizens.

National pride is what has probably pushed Russia and China to start
encouraging their citizens to buy gold.  If they outlaw the use of the US
Dollar (which Russian officials have discussed) and legalize the use of gold
they could possibly CAUSE a US financial crisis by sending billions of US
dollars back home to roost.

So maybe the Russians are HOPING the USA will have a financial crisis in
August.  Or maybe they are planning to START one.  I wouldn't place any
money on the date, but a Sino-Russian monetary alliance to use gold as
currency and ban the internal use of the Dollar would have interesting
consequences indeed...

Ken Griffith



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