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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (14523)	6/24/2002 10:34:02 AM
From: Ahda	Read Replies (1) \| Respond to of 82296

I'm not sure. I imagine there will be a string of devaluations around the world, pushing up the relative value of the USD to their own currencies, and accordingly, "the world" will be accepting the bad cheques again. I have read Japan was vigorously selling the yen yesterday buying the dollar. A method to entice more trade and the Us in the mean time has to raise the debt ceiling. Government unlike business cannot spin off anything to create cash flow so the course become infinite debt extension. That also means infinite inflation what a mess it would be if another nation opted out of this big league monopoly game. Yesterday I found this wonderful article about how rules for US FED and rules for others were not the same. I suppose that means that some feel that our debt base is unlimited and there's is not or do as I say not as I do. Logic would say that increasing debt in a non booming economic environment is not a wise decision. Logic would also say had the economy been booming as thought the debt should of not increased but decreased substantially. Logic does not apply when you are dealing with government. Logic only applies to people that occupy the land space who at some point realize they are not able to service their own debt never mind the governments. I guess that is the state of Russia today.