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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: BEEF JERKEY who wrote (15395)	6/17/2004 1:53:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 110194

the UDX is holding up despite the trade deficit due to "voluntary" colonialism - e.g. similar to day past when European countries were extracting natural resources from their colonies at very cheap prices in exchange for their "protection" and currency. This time the US is buying products with "fiat money" - as long as the world puts value on this "fiat money" the system works and for many countries it solves several social problems which otherwise would be difficult to manage. Unemployment is a very bad social situation - so better be employed even in exchange of "fiat money" as long as it last. If the Europeans had ½ a brain the Euro could substitute the USD as reserve currency but unfortunate Europe is under French / German pressure to accept “their rules” and does not know how to handle it’s monetary policies in international markets. Until Europe will not come to their sense the US will have it’s free lunch - most European do not realize how much damage the French and German governments inflict on them

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