kitkat@loss of freedoms -- trotsky, 17:21:56 07/26/06 Wed
i have caught myself at times, pondering whether i should actually hit the submit button on certain comments. in the end i always did, but the mere fact that one is beginning to think about the faceless bureaucracy of the State watching one's steps is a strong sign that things are definitely NOT right anymore in the world. the fact of the matter is, these days anyone could be snatched and dispatched into a dungeon, never to be heard from again. it should be clear that when the State arrogates such sweeping new powers to itself, it will eventually misuse them on a large scale. i have no doubt that the black lists are ready for use in a drawer somewhere - just as certain legislation was obviously ready long before it got implemented - they just waited for their Reichstagsbrand , an ominous parallel if ever there was one.
HK@oil and the dollar -- trotsky, 17:00:25 07/26/06 Wed
i agree - also, when looking at oil prices and the dollar, one mustn't forget that it's easy to put the cart before the horse. after all, a pretty large part of the oil price increase is actually due to the WEAKNESS of the dollar. to say that the dollar strengthens because oil rises ignores that oil rises in part because the dollar weakens.
there is in the end a very important fundamental difference between the dollar and oil: the former can be created with a keystroke at whim, in any quantities, the latter has to be found, drilled, pumped, transported, etc., and is not available in infinite quantities.
the report's conclusion that the major currencies will likely remains stable vs. each other because EVERYBODY wants a weak currency strikes me as a correct assessment of the situation. however, ALL of these fiat currencies will imo continue to be devalued against gold, at varying speeds. |
