- Dear Friends,
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- 1. Today's reported potential infinite bailout of all
and any portends, if adopted, is the largest increase in dollars outstanding
since the Jurassic Age.
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- 2. It closely models actions undertaken regarding the
production of currency liquidity seen in the "Weimar Republic."
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- 3. It is reported now that more than 1000 hedge funds
are on the rocks. This has the potential for a significant financial impact.
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- 4. The only way to hide the numbers from the statistics
produced by the suspected actions of the Fed is to value the indebtedness
purchased at 100%, claiming a wash transaction.
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- 5. The only conclusion is that when the smoke clears
and the advertised actions have been adopted, nothing more dollar negative
than this has ever occurred due to the potential expansion of T bills and
therefore dollar supply explosion.
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- 6. Gold is the only currency with no liability attached
to it which, as you have seen recently, will be selected as the currency
of the people. ***
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