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To: Alex who wrote (37257)	7/17/1999 10:00:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116764

Alex, you ask if the mighty USA Dollar is near an end Below is a very short of pieces from an article you mentioned in one of your past posts on this thread. But first, my impression of the posts on this thread today is a collection of articles and graphs and trends that can be used to predict the very near future for world economic conditions, and role of gold. Since I have no training to understand market indicators and the such, I will as I have always done and give an analogy that Ron Reese and Hutch can rightly call as a buffoon type analysis. I mention Hutch because the article below mentions derivatives as an evil force, and most, if not all, enjoy and respect Hutch's posts. Based on this article, Hutch would do or be engaged in evil, but we know he is not evil and just might not understand the big picture. As to look at the inners of this world economy and predict what will happen, I will use an example to show that it can not be done, knowing that Ron Reese will have a field day putting it up to ridicule. Why I make it so easy for Ron Reese is simple, every time I bait Ron he takes it hook line and sinker deep throat, like that XXX movie long ago with that Ivory Soap woman. Its all in fun, I hope. So Ron Reese here it is...the inners of this world economy is that like the contents of a mans stomach that ate not only too much, but all the wrong stuff, and as you were once able to identify the mustard laying on top of the hotdog, now it all curning around with a lot of other stuff and what the relationship will next be can not be determined as a lot of folks are trying to do. This mainly because not is well and good and correct, but as Bill Murphy and GATA predict that the stuff moving around will pop and crash like the man will experience the stuff he ate move in the wrong direction and exit his mouth looking not like that he push in with enjoyment. So will be the result of what all those movers and shakers of this new world economy see as a final result. .... high-growth economies of East Asia had become the main challengers to American power in the region, and it was time they were brought to heel.... The campaign worked in two phases. First, a major ideological barrage .... .... total laissez faire, destruction of unions and social safety nets, staffing of regulatory agencies with retired financiers, indifference to the pay differentials between chief executive officers and the ordinary labour force, moving manufacturing to low-wage areas regardless of the social costs, and totally unregulated flows of capital in and out of any and all economies. Then came phase two. Once the Asian economies had begun to "deregulate" and were standing in the world marketplace more or less naked, the "hedge funds" were let loose on them. These funds are actually huge concentrations of capital owned by very wealthy Western white men, who manipulate bewilderingly complex financial instruments called derivatives. The funds easily raped Thailand, Indonesia and South Korea and then turned the shivering survivors over to the IMF, not to help the victims but to ensure that no Western bank was stuck with "non-performing" loans in the devastated countries. The IMF is also the US Government's chosen instrument for "reforming" these countries to make them look more like New York. Then it all got a bit out of hand. One of the biggest hedge funds proved so greedy that the US had to organise a bailout, which brought the scheme out into the open. David Mullins, a former deputy to the Federal Reserve chairman, Alan Greenspan, had gone straight to work for the Long-Term Capital Management fund after he left the Federal Reserve in 1994. Had this not been the case, it's unlikely that the Federal Reserve Bank of New York would have arranged a $US3.5 billion ($5.25 billion) rescue for it.... .... The Chinese never looked so clever as they did in keeping out of the World Trade Organisation, .... doug