Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Mannie who wrote (18997)	5/9/2003 4:32:23 PM
From: Jim Willie CB	Read Replies (1) of 89467

hearing strange obscure rumors that USDeptTrez hitting US$ the rumors indicate that the US Dept of Treasury is purposely pushing down the USDollar, in order to punish the Germans and French, who did not support our Iraqi annexation efforts do I hear 51st state? on its face, this sounds ludicrous but I have heard it now in three different places the reasoning goes that a higher EURO currency will inhibit the EuroZone economy by making their export prices higher and thus less competitive this all seems farfetched a dollar pushdown would go against all the efforts in the last desperate two years to keep the dollar afloat, and ahead of that upstart GOLD THING like a jerkweed tossing big rocks at his neighbor's house when his own is 100% glass if the dollar decline were to develop some momentum, we just might get that USDollar monetary crisis I have been muttering about for 16 months oh yeah, it is coming, but in ultra-slow motion any effort by the USGovt morons would only produce a sense of desperation sooner rather than later my best guess: Saudis and Europeans are abandoning the dollar-based securities (e.g. Trez bonds, corp bonds, stocks, maybe real estate to some extent) so the rumor mill grinds out silly stories whereby the USGovt can take credit for the massive damage done since early April, which by the way is a monstrous embarassment to our Bushy Team leaders so take credit, create spin that the lower dollar is good, then go home for dinner and bang the old lady Islamics are now learning their greatest weapon for counter-attack is the dollar and their petrodollars they will turn to Europe for commercial contracts they will turn to EuroBonds for money in the bank / jim

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