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To: SOROS who wrote (86993)	6/16/2002 2:25:09 PM
From: marek_wojna	Respond to of 116927

<< Between now and that time, I think gold and silver will be the place of most % in terms of money flow growth.>> It is hard to disagree when reading the stories like this: << CBO Projects Budget Deficit At 'Well Above' $100 Billion DOW JONES NEWSWIRES A sharp decline in tax collections will help boost the U.S. budget deficit "well above" $100 billion for the 2002 fiscal year, the Congressional Budget Office said Friday, more than doubling its previous estimate. "It looks obvious to us the deficit will be greater than $100 billion," Dan Crippen, the office's director, told reporters, adding that it could even approach $150 billion. Tax revenues dropped by $24 billion in May from a year earlier, including a $21 billion drop-off in individual income-tax receipts, the office said in its monthly budget review. Meanwhile, spending continues to grow "at a double-digit pace for all major categories except social security and net interest," the office said. The deficit forecast is generally in line with the projections of private forecasters. The office's previous estimate, issued in April, put the deficit for the year, which ends Sept. 30, at $46 billion. The decline in tax receipts was most dramatic when examined for the period of October through May, when total receipts fell by $161 billion, or almost 12%, compared with a year earlier. During that same period, individual income-tax receipts fell 20%. The decline in income-tax receipts followed considerable weakness in the economy. It also reflects the Bush administration's tax-cut bill, which was signed into law last year. Federal spending for October through May rose 18% from a year earlier, led by higher claims for unemployment insurance and increased defense, Medicare and Medicaid spending. Mr. Crippen said the budget outlook is little changed from last month. "Even though we're getting positive signs about the economy, the tax base is not going up," he said. "Revenues are not recovering back to what we think would be a normal level of economic activity." The office intends to release its next detailed deficit forecast in the third week of August. The nonpartisan office estimates that a Senate proposal to raise the federal-debt ceiling by $450 billion, if effected, would accommodate the federal government's borrowing needs through March or April 2003, Mr. Crippen said. Updated June 14, 2002 2:47 p.m. EDT .

To: SOROS who wrote (86993)	6/17/2002 8:45:38 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116927

How does one "study prophecy?" Especially one that for years from the 1950's through the early 80's was sooooo certain that "european power" routine was the nasty beasties known as the European Common Market, or are you too young to remember that interp? I also recall the great joy in the Fundy/Hal Lindsay totin' and quotin' set when some nation or ruther de-coupled from that "union" and dropped the head count to under 10, which was supposed to be the numbers of heads on that beastie as I recall. And while we're counting beastie heads in prophecy, the European Monetary Union has TOO many heads for that beastie as well...I've always wondered how now portly and greying Lindsay explains that one away. And the terrorism interp? Well, so much for that prophecy interp...it has only be around since 9/11...and I thought God wrote that book beFORE 9/11 Sounds to me like you need a perspective focus adjustment about as badly as the Gata nuts need their major on the minors lense brushed off. And I hear nothing beats a good camel hair brush to get the grit off the lense. Opps...did I say camel? Is that ALSO a prophecy???? Sorry, but I just can't waste the time studying prophecy...besides, everytime I lay "that interp book down," some fool comes along and changes the ending. One thing's for sho'... When the fat lady signs, there will be several "accurate interps" written, bound and all claiming they got it right... just like everyone who wasn't around in 1987 are all claiming they got THEEEE sell-off right ahead of time and got everyone out of the market... And there were only TWO profits who got it right---BEFORE 1987 meltdown. Only two. I think I"ll go back to reading Nora Roberts...