A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (337)	1/22/2003 12:20:17 PM
From: philv	Read Replies (1) of 1210

US $ Declilne: Traditionally, as a country's currency declines, interest rates go up to try to stem the tide and also to finance new government bonds. If there is one thing an investor hates more than losing his return on investment, is losing his investment. As the dollar drops, real dollars are immediately lost on some of these government issues. And interest rates are "frozen" at ridiculous low levels. How can the US continue to finance its fiscal requirements in the future? As more and more money is created, the dollar will keep on falling. A zero sum game. I wonder what large international investors are thinking about their $US investments. Phil

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