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<p>[QUOTE=&quot;Yankee, post: 698377, member: 18618&quot;]Two weeks ago, a rather comprehensive list of reasons was provided for the Gold price breakout. Many factors were given to explain how and why the Gold price would march toward the $2000 level. THE ARRIVAL OF THE USDOLLAR CARRY TRADE IS A PRIMARY REASON FOR THE MARCH TO $2000 GOLD. Prepare for it, as the pundits will be made to squirm and eat crow! Almost all pronouncements, propaganda, and prattle must be ignored that come from the Pagan Paper Palaces that have wrought the current destruction and wreckage. The only factor they comprehend is the excessive printing of money and largesse from government budgets to aid the rescue and stimulate the moribund as well as to nationalize both the dead financial firms and their grotesque fraud laced with counterfeit. <b><span style="color: #008000">CENTRAL BANKER DESTRUCTION OF CAPITAL</span></b></p><p><b><span style="color: #008000"></span></b>The phenomenon will be much like a flesh eating bacteria. <b>What is eaten during unbridled USFed money creation and USGovt debt issuance is the USEconomic capital, both industial capital and household capital</b>. The most misunderstood aspect of the profound accommodation with near 0% rate of interest (ZIRP) and enormous mountains of printed money (QE) is the destruction of USEconomic capital. Not only is new capital formation NOT possible, but capital is liquidated and banks are hesitant to lend even to good customers. <b>Zero Interest Rate Policy and Quantitative Easing serve as the most severe and formidable Weapons of Mass Destruction to capital that the modern world has ever seen</b>. See small business sector, see the car industry &amp; supply lines, see construction sector, and much more. Both the ZIRP and QE are fuel and lubricant both to power gold to the $2000 level, serving as vivid battle cries!<a href="http://www.gold-eagle.com/editorials_08/willie092309.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.gold-eagle.com/editorials_08/willie092309.html" rel="nofollow">http://www.gold-eagle.com/editorials_08/willie092309.html</a>[/QUOTE]</p><p><br /></p>

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