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Politics : Foreign Affairs Discussion Group
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To: LindyBill who wrote (15255)1/1/2002 4:14:07 PM
From: Maurice Winn  Read Replies (5) of 281500
 
Lindy, with the birth of the Euro a day ago, it's a bit presumptuous to say that the whole world is converting to a dollar economy because it "is the safest currency in the world".

Actually, there is highly educated opinion that the US$ is in fact under more risk right now than other major currencies. Ask Jay ... Message 16848907

I am betting my worldly goods on the US$ going the way of the moa, killed off by a hungry new invader, the Q. [Moas were eaten and became extinct after the Maoris arrived in Hobbitland]. The Q will also eat the Euro and all the other ratty little lying fiat promises issued by governments which have no business issuing promises to pay. It is absurd for people to put their trust in politicians to pay when the politicians have no means of making payment the day the populace throws off the yoke.

Do people really trust Bill Clinton and his ilk in such a hugely important matter? Just how far would you trust Bill Clinton?

It boggles the mind. Meanwhile, until the jig is up, as you understand, the printing presses can run while demand soars and the technology revolution and globalisation hack prices, meaning inflation doesn't appear. What a money-tree paradise for the USA. But it's a fool's paradise. Enjoy yourself, it's later than you think.

Mqurice
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