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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (48809)	3/20/2002 10:07:48 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

Dines was a bear at age 4 months with a bottle in mouth I used to read the guy back in 1994-95 he beat his chest, boasted heavily after gold/silver did its 1993 bear rally he predicted massive inflation, and we got the opposite he has been harshly critical of US$-DMark-JYen currency triangle ever since abandonment of Bretton Woods in 1972 altho I agree with this, and did at the time, I dont and I didnt think it would simply die because it was wrong it needs to run its full course I think by 2005 the world currency system will be put into GREAT QUESTION right now we are perhaps seeing a late chapter in the currency confidence struggle the USdollar is the only trusted currency but the Euro is now undergoing a maiden voyage the JYen is utterly disgraced later this year, I expect the US$ to top off my reasons are several and solid: - the US$ bull run is 12 yrs old and costly now to American exporters - the trade deficit is unsustainable at $400B per year, which is over $1B per day !!! - over 20% of the US federal debt is held by foreigners - Arabs can begin to steer money into the Euro in revenge - never in world history has a nation seen its fate held so clearly in the hands of foreigners - never has such a trend failed to reverse a mere 10-15% currency shift from US$ to Euro will wreck havoc in the US financial markets Dines is clear on this point, which makes perfect sense I agree with him 100% on this issue with a sliding dollar, inflation will crop up because of our trade deficit, we will import inflation at the same time, energy costs are likely to rise I expect inflation by mid-2003 at over 5% interest rates will rise, mortgage rates will rise and the world will be looking eagerly at gold/silver this guy is a broken clock reading him requires a tough distillation process you must extract info, and ignore most of his editorial he has been bearish on the stock market from 1994 to 2001 / jim