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To: Shack who wrote (7904)	5/11/2001 9:49:05 PM
From: Hawkmoon	Respond to of 17683

Right now the US$ is this basket of security where too many eggs lay Interesting point. But is it the fault of the US that this economy is being seen as the only relatively safe haven on the planet for mega-capital inflows?? Or is it the fault of every other major economy running budget deficits and failing to restructure their economies to incorporate efficiencies? For the dollar to crash against gold, we'll have to see a mounting breakdown in free trade principles and a return to protectionism here in the US. It may happen, but it will require a few years to develop momemtum. Right now the US is the only nation on the planet of any consequence which is running budget surpluses and keeping government spending in check. And as the demographic makeup of all the industrialized post WWII economies continue to age, the US economy is only one that has embraced a strong immigration policy that brings replacement workers to our nation to replace the retiring baby boomers. Other nations like Japan and many European states, are facing a similar problem, but with no system that is tolerant of encouraging such immigration. This would be an interesting topic for CNBC to cover... the broader macro-economic trends that drive the markets, as well as the demographic influences involved... all with the goal of "how to profit from changing times". Hawk