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

To: Boplicity who wrote (52636)	6/4/2002 12:43:21 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

any Fed mistakes now bring deep recession big mistakes bring depression Greg, you are a bright guy why do you assume that US leaders are in control??? we have exported $2000 billion in TBonds we have a dollar masquerading in world bank systems as GOLD, representing 75% of world reserves they chose that in order to grab the 5-6% interest rate but they forget about declining principal in debt issues we have a trade debt that grows monthly now it is above 4% of GDP now, expected to hit 5% next year our trade debt is now our Achilles Heel foreigners are now in a position to force higher yields in order to finance this debt its other brother, the Fed deficit, also requires foreign bidders we are not in control, plain & simple, sad but true Greenspan has forfeited control this comes from allowing the Yen Carry Trade in 1990's and then the Gold Carry Trade until now this is about taking presentday advantages, while forfeiting future control and placing colossal sums of dollars and TBonds outside the country our Strong Dollar Policy has ceded control of American policymaking Greenspan CANNOT CANNOT turn down the Money Supply spigot he did so to some degree in March-April he must increase money supply in a massive massive way but he will earn price inflation as a result he must somehow lead in a way that convinces national confidence that borrowing will result in future business and profits but I think it might be too late he must increase money supply massively I believe he will choose to do so via S&P Futures but I believe that will backfire WE HAVE LOST CONTROL OF BOTH OUR CURRENCY AND TREASURIES when will you open your eyes to this remarkably unique situation??? you seem to view the world thru primrose glasses our currency is held worldwide on a large scale our debt is held worldwide on a large scale we cannot force foreigners to hold onto them as they declines in value now can we? but we can start a wider war? that would work the only trouble with ALL ALTERNATIVES is that ...... GOLD NOW COMPETES WITH DOLLARS AS SAFE HAVEN AND GOLD IS RISING, WHILE TBONDS ARE BEING THREATENED / jim