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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (51945)	4/26/2000 10:48:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 116759

David, I only posted the article since it was a claim that I made several weeks ago when we argued, and now we see the Washington Post bringing the topic to the forefront. Being "old news" is not the same as being widely understood news. The key here is that as the public, both here and abroad, face up to the fact that Europe (and Asia) will be hamstrung to a far greater extent than the US by its pension obligations, it provides further rationale for avoiding investing in those economies to the detriment of the US. Certainly not until they get their act together and make the hard decisions (which may very well be politically infeasible as the population grows ever closer to retirement). It suggests that the Euro will grow weaker (or barely hold its own) as the government is forced to pring money to meet obligations. And the key is not the ECB, but the willingness of certain strong vibrant european economies being tied to their weakened brethren (eg: Ireland). The whole issue threatens the very basis for the EEC/EMU and could provoke VERY REACTIONARY AND AGGRESSIVE measures to prevent such a breakup. Regards, Ron