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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (4362)	5/9/2003 10:27:48 PM
From: Jim Willie CB	Read Replies (1) of 5423

finally an article from press based in reality on US$ finally we see some of the right questions to ask in time these guys will wonder... WHAT WILL STOP THE USDOLLAR DECLINE ??? the answer: nothing except a crisis and gold-backed US$ nobody seems to be asking this question, but they will right now they simply assume the US$ will level off they have not investigated or thought through it we have no industrial mechanisms, no monetary mechanisms ergo, no seawalls to stop the storm momentum is building on the dollar decline Lachman of AEI seems justifiably worried no mention of Saudi or Islamic financial counter-measures Vargo of AEMfrs should be pleased, representing mfrs but those listening to the mfg line argument should wonder my main question repeated over and over WHAT THE HELL DOES USA MFG BUILD ANYMORE ??? the central answer is printed paper securities documenting debt !!! the most dangerous currency rise is the JapYen's it signals Asian imported price inflation on both finished products and components later comes the "coup de grace" rise in Chinese Yuan we are not ready for that, eventually it will be begged for this will be the most unusual development our trade gap hemorrhage will get so severe, that we will scream and demand that China raise their yuan currency value by allowing it to trade freely on FOREX markets but their compliance will unleash price inflation in USA !!! I MEAN FLOODGATES, probably in 18-24 months China will actually be scapegoated for "causing our trade gap problem" these guys are still making a common economist error they turn to data from past decades and claim risk is not there, since it was not then but past decades had 1/2 to 1/3 the debt levels but past decades had 30% less consumption by households but past decades had much more mfg base but past decades had much much much less derivative gearing that makes for a shallower pool of water to dive into (to use their metaphor) / jim p.s. is it just me? or is Greenspasm sounding like he has increased his stupid pills?

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