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 (73)	1/10/2003 1:45:00 PM
From: philv	Read Replies (2) of 1210

Dollar devaluation: The danger is of course competitive devaluation among all countries. As far as fiat is concerned, the value is undefinable....except in its relation to gold and commodities. In the near future, we will hear complaints from Euroland and Asia re: low and dropping value of the dollar, problems exporting to US, principle investment loss in US securities, etc. As far as the US is concerned, cutbacks in Govt. services, military, etc. will be forced, resulting in even greater job losses. What's the solution?

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