yup, at least until 2ndHalf Recovery in 2004, maybe 2006
but before then, hang onto your testicles and assorted genitalia
a USDollar Decline will turn into a monster problem
it will keep falling and not get up
an economic limp dick caught in a vise
afterwards, it wont fit into anything
they will cut it off, and put it in a museum
then comes the real action with the New USDollar
with partial backing by gold (and perhaps also silver)
some people think such thoughts to be insane
watch, wait, watch more, in horror
no internal mechanisms exist for stopping the dollar decline
industrial mechanism is long gone with mfg in Asia & Mexico
monetary mechanism is being dismantled now with Fed Monetization
has anyone noticed the trade gap widening despite 20% dollar decline ???
just like the Jackass predicted
the USDollar did well, while it lasted
few people realize the dollar lost 50% value between 1985 and 1988 versus the Swiss Franc
imagine that happening now
onliest trouble is that we Americans have abused debt 4-5x more irresponsibly than 15 yrs ago
so the punishment is much more harsh by the marketplace
we can focus on energy prices all we want
the real problem is that energy supplies are priced in dollars
so the dollar lost 10% since November
and gasoline rose 10% in price since November
we instead place blame on the Arabs, those devils!!!
the problem is with the dollar, chums
gonna get much worse
it is a vexing problem and tragic sight to observe an entire nation suffer a 30% wealth destruction
2001 recession was a dressed rehearsal
the MAIN ACT has just started, the primary recession
complete with lies, deception, false reporting, distractions, scapegoats, and pathetic understanding why
because of extreme levels of debt
of shipped off mfg abroad
of overconsumption
of irresponsible Congressional spending
of expensive socialism
of worldwide police sentry and law enforcement
and plain stupid Keynesian Monetarism failing on a grand stage
Happy Valentine's Day, all you girls who I wish I could have
if only within arm's reach (which arm? you guess)
/ jim |
