To: IQBAL LATIF who wrote (37619 ) 3/29/2001 11:22:35 AM From: Crystal ball Read Replies (1) | Respond to House of SAUD, EURO central banks (and US Treas. O'Neill if smart) WAGE ECONOMIC WAR AGAINST GREENSPAN, they are not buyin his higher interest rates, his failed MONETARY POLICY. The European Central BanksNEVER RAISED AS HIGH their interest rates, the EURO is undervalued which will give them an advantage in exporting WORLDWIDE and not just the 17% to the US, and the European nations have cut tax rates, FISCAL POLICY by tax rate cut will beat the US Failed Greenspan Federal Reserves outrageously high interest rates (still need to be cut over 150 basis points (1 to 2%) to ZERO INTEREST like Japan has had to swallow, and what will now happen because US Fed rates are still too high, is that the Saudiis and Europeans and Japanese will start DUMPING US TREASURIES, and that will be a bigger club than Greenspan has, and US Treasury Secretary O'Neill if smart will follow suit, issuing more Treasuries, AT LOWER RATES, to allow for the back door Deficit Spending, to finance the Bush US TAX CUTS, which should be followed by another Tax cut package, and then another yet, and cuts in Budget Spending. This liquidity will save the economy. $300 rebate or whatever is not enough, and they know that. The Saudiis should fire the first shot, since they in good faith are trying to keep OIL at $25 per barrel instead of the radical islamic anti-US OPEC lobby that wants $28 or above $30 OIL which would destroy all Western Industrial Countries, INCLUDING ESPECIALLY JAPAN, faster than you could tap new sources in Alaska or Mexico. This would only help Communist China and its 1.6 BILLION SLAVE LABOR FORCE. Then that would be an end to capitalism as we know it. Bush did an excellent job athis Press Conference today, even on the Israeli and Palestinia peace initiatives BUSH GETS IT, no UN CENTRAL CONTROL, NO UN CENTRAL FORCE, let the parties resolve their own differences, if they want peace they can have it, if they don't they don't. Very pleased that BUSH is showing he is the LESS GOVERNMENT CONSERVATIVE rather than just a more government but LOCAL GOVERNMENT CONSERVATIVE both of which are better for business and the US "INDIVIDUALLY FREE" Citizen than any form of liberal elitist UNDEMOCRACTIC UNACCCOUNTABLE CENTRAL CONTROL like we still have atthe Federal Reserve and like we used to deal with with MOSCOW CENTER and like we are still dealing with with Chinese Communist CENTRAL KINGDOM thinking.
