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: tonka552000 who wrote (332)	1/22/2003 10:50:13 AM
From: Jim Willie CB	Read Replies (2) of 1210

reply to JohnG on QcomBuyRange thread dollar decline will be disastrous, since it leads in US to: - foreign retreat from stock market - gradually increasing longbond yield - end to real estate bull market - end to consumer REFI-driven binge - deterioration of Asian bank systems (holding USTBonds) - accelerated abandonment of US financial markets by Arabs - erosion of US corporation earnings - imminent return of gradual price inflation - continued rise in commodity prices - continued rise in energy prices - rise in state taxes, property taxes, sales taxes and my favorite - California declares bankruptcy in 2004 these are all related, and all tied to a declining dollar dont expect any material reduction in the trade gap that proclamation by economists is as ludicrous as the perennial "2ndHalf Recovery" pipedream of bullshit the US economy has a minimal mfg base anymore in the spring and early summer, I said numerous times that the declining dollar would coincide with a rising trade gap, not a shrinking one as hack economists predicted the November trade gap was considerably higher than the summer and hack economists continue their drivel, now claiming it is working through the system WE HAVE MINIMAL MFG BASE, A DISMANTLED AND EMPTY MECHANISM FOR RESPONDING TO A DOLLAR DECLINE the end result in an accelerating dollar decline over time anyone who thinks narrowly about the benefits of more favorable multi-national operation conversion with a lower dollar is missing 98% of the picture the USDollar Decline Vicious Circle will be devastating utterly devastating, and relentless prepare for a chronic liquidation process here in the USA with price inflation all across commodities, led by energy and gold with price deflation all across the product sector, led by technology the result will confound and confuse hack economists for years to come since they think in aggregate terms, if they think at all 321gold.com / jim

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