Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (26027)	12/11/2002 11:15:00 PM
From: elmatador	Read Replies (1) of 74559

Picture those billions locked up on mortgages in UK and the US. Imagine all this capital hogged by the US made free to seek the countries that have economic activity but no capital. (Developed economies have capital but no economic activity, one of the reason they spend USD1Bi a day -in both sides of the Atlantic subsiding agriculture.) People are going to ask: But there is economic activity in the developed economies! Well, there is but not to the extend that it needs all this capital 'parked' there. Most of it is pseudo-economic activities. Developed economies have recently create pseudo-economic activity as Enron and WCOM showed by trading among themselves. Subsidizing every single cow feet at the tune of USD1.000 per foot in Switzerland is another example of pseudo-economy. Paying farmers not to plant is pseudo-economic activity. Buying new missiles -to replace the ones shot at Afghanistan mountains is pseudo-economic activity too. Dollar down and capital flight outof the US will be very good for world's economy and may create a super-boom. Devaluation of the USD is an Abracadabra. Just look at FDI in China has done.

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