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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rascal who wrote (2593)	7/19/2002 10:57:01 AM
From: Jim Willie CB	Respond to of 89467

yes, I think the new Trez $bills is a huge huge warning I believe they are preparing for a near default for a massive dollar devaluation 45% of TBonds are held by foreigners DeptTrez claims they are making new orange-tinted bills in order to stave off counterfeiting I believe that is a bold lie I believe it is to create a financial firewall to protect the domestic economy from a foreign run on the dollar maybe it will lead to a foreign version of TBonds ugh, lousy, ugly the new $100's were to stave off counterfeiting in 1999 Sodomy is reported to have printed $50B/yr at his height this is a protective measure ahead of a massive devaluation massive devaluation with no protection, we might see interest rates rise dramatically from foreign TBond selling in the next year or two imagine our recovery chances with rates rising to 6-7% suddenly not from a position of econ strength but rather from foreign abandonment that is the stuff that deep recessions (or worse) are made watch Argentina, which could offer us a preview of what might happen within the USA I believe our banking system will be threatened gold and the dollar are giving clear warning signals most are being ignored by experts I think they are preliminary earthquake signals forewarning of severe currency and banking problems, nay crises / jim