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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: The Vet who wrote (13336)2/10/2002 3:03:15 PM
From: Alan Whirlwind  Read Replies (1) of 81777
 
Vet,

I have no problem with Tariffs. Everybody tarriffs. And the US didn't invent the tariff btw. Europe tariffs to protect their markets all the time--banana wars as an example.

Now you want to talk subsidies, look at Canada. They can't find enough resources to export, so they invent subsidies for everything. In fact, they subsidized ginseng to such an extent that they helped crash the market (from $28 US a pound to $8 a pound). I was in ginseng at one point--right when Canada was seriously gearing up its ginseng subsidies, and it cost me.

The US dollar buys 20% of what it bought during the US BiCentennial in 1976. I don't think it is particularly overvalued. The rest of the world is merely selling off their gold and silver reserves and it shows.

If the US markets struggle or the rest of the world decides to unload all the US $ liquidity Clinton pumped into the world economy, then the dollar may fall. Dollar is high because other countries' citizens find it less odious than their own.
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