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Politics : Stockman Scott's Political Debate Porch

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To: smolejv@gmx.net who wrote (9887)11/29/2002 5:56:26 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
Weimar Amerika, T minus 2-3 years
gold-eagle.com

very interesting but brief article
the War Reparations pressures on 1920's Germany (Weimar Republic) led to severe inflation

the author suspects that the US Trade Deficit will act in a similar dire fashion
as foreigners lose patience with the US, they will demand payback
with 45% of USTrez debt owned by foreigners, tough spot

the unexpected part for most might be the weight USGovt and USMilitary tosses around, but has little inherent financial strength from which to toss weight
US Leaders believe we are in the catbird seat
but with our federal debt so huge and growing
but with our trade gap so huge and growing

WE ARE NOT IN A POSITION TO CONTROL ANYTHING
WE THINK WE ARE CALLING THE SHOTS
BUT WE ARE NOT
this will be painfully apparent when the USDollar decline picks up speed

/ jim
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