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

To: stockman_scott who wrote (4584)	8/15/2002 9:09:32 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Why even allies are now anti-US Unilateral plan to oust Saddam One-sided support for Israel Rejection of world criminal court Blanket arrest of terror suspects Steel tariffs and farm subsidies Refusal to back global warming pact OXFORD (Britain) - The stockpile of global sympathy and goodwill for the United States after Sept 11 has dissipated - replaced by a rising anti-American sentiment that has turned into a contagion now spreading across the globe. Anti-Americanism is no longer limited to religious radicals and terrorists who resent the US, but is infecting even the US' most important allies in Europe. No longer sympathetic with a post-Sept 11 America, protestors in London vent their anger against US foreign policy on Iraq and other world issues. -- USA TODAY Analysts blame this on a series of new US policies widely considered to be selfish and unilateral, including President George W. Bush's plans to topple Iraqi leader Saddam Hussein. Here in Britain, the US' staunchest friend, snide remarks and downright animosity greet many Americans these days. In virulent prose, newspapers criticise the US. Politicians attack its foreign policies ferociously, especially its plans to attack Iraq. And regular citizens launch into tirades with American friends and visitors. What happened, many Americans are wondering, to all that global goodwill? 'It was squandered,' said Mr Meghnad Desai, director of the Institute for Global Governance at the London School of Economics and Political Science and a member of the House of Lords. 'America dissipated the goodwill out of its arrogance and incompetence. A lot of people who would never, ever have considered themselves anti-American are now very distressed with the US.' Recent US policies - stretching back to Mr Bush's refusal last year to support the treaty on global warming - have drawn flak for being selfish and unilateral. Many are enraged by Mr Bush's support for steel tariffs and farm subsidies, his refusal to involve the US in the new International Criminal Court and what is widely regarded abroad as one-sided support for Israel and its prime minister, Mr Ariel Sharon. The rash of corporate malfeasance and the blanket arrest of terrorism suspects after Sept 11 has given further fuel to critics, who say the US preaches democracy, human rights and free enterprise - but doesn't practise them. In a recent article in Policy Review magazine, Mr Robert Kagan, a senior associate at the Carnegie Endowment for International Peace in Washington, said the divide between the US and Europe was getting wider than ever as they went their different ways - one with a foreign policy based on unilateralism and coercion, the other based on diplomacy and persuasion. Europeans, he said, had 'come to view the United tates simply as a rogue colossus, in many respects a bigger threat to their pacific ideals than Iraq or Iran'. In Germany earlier this month, Chancellor Gerhard Schroeder launched his re-election campaign by denouncing what he derisively called Mr Bush's proposed military 'adventures' in Iraq. In Britain, the new head of the Anglican Church and other bishops circulated a petition proclaiming any attack on Iraq illegal and immoral. Mr Peter Peterson, chairman of the US Council for Foreign Relations, said: 'Around the world, from Western Europe to the Far East, many see the US as arrogant, hypocritical, self-absorbed, self-indulgent and contemptuous of others. 'This is not a Muslim country issue. It has metastasised to the rest of the world and some of our closest European allies.' --USA Today

To: stockman_scott who wrote (4584)	8/15/2002 9:11:16 AM
From: Jim Willie CB	Respond to of 89467

Gold Dealers Bomb US Gold Market (full article) Price drops from $318.50 in Asia to $311 in the USA by James Sinclair Gold investors/traders were shocked this morning by the drop in gold prices under relentless gold lease conversion dealer selling in the US. I have said, time after time, that this is a Battle of the Titans devoid of any public between the gold dealer's derivative cartel versus Asian bullish interest. Once again you see this war being fought as if it were a last ditch attempt at survival. Well, it is! This is not a war to prevent a melt down in the $300,000,000,000 gold derivative pyramid but a war to prevent a crack in dike of $72,000,000,000,000 total notional value of all derivatives granted on all trading items. that is $300B in leveraged gold contracts that is $72,000B in all leveraged contracts It is a market axiom that if one form of an item fails, pressure builds gradually on all other forms of the same item i.e. derivatives. That means if the gold derivative fails then you can be sure you will have significant pressure on equity derivatives, thence interest sensitive derivatives, thence last risk bond derivatives and so on. Because of this fact, you can expect that this war will be raged every day for the foreseeable future with the forces of the short gold derivatives facing off the forces of the Asian longs that have been buying all the sold gold for the last five years. The hope of the gold dealer derivative short is that if they can fight the good fight each day then in time everything in the world of markets will come right for them. Will it? My answer is absolutely, NO! This Bear market in equities is not short term. It may well be sold out in certain sectors, but probabilities do not support a significant economic recovery starting before mid 2004. There is no chance, IMO, that the gold cartel can keep up their efforts to sell as much gold as they have been selling every day for the next two years. What is being forgotten is the Asian Bull Interest is the answer to the question, "Who bought all the gold sold by all the gold producer hedgers, the gold cartel and every gold bear for the past 5 years." Gold fundamentals, as I have outlined to you are, IMO, improving daily. Look at the commodity market to see the birth of the long-term bull market in the making. In my opinion, bonds will top out in November. The dollar is having another heart attack. JPM just broke down from its up wedge, which I believe indicates a test of the recent low. I know this comes at a hard time for public gold bulls, as Bob Prechter is advertising his deflationist - gold bear thesis, which I don't support as correct. If it were correct, why has Japan been the largest consumer of physical gold over the past two years whilst in an undeniable and continuing deflation period? I believe we are in a gold bull market that is both long term and headed for substantially higher prices, regardless of the life or death play being made now by the gold dealers cartel. The gold Cartel is fighting a brave fight but is going down.

To: stockman_scott who wrote (4584)	8/15/2002 10:18:49 AM
From: TigerPaw	Read Replies (2) \| Respond to of 89467

If the Junior Bush League is itching for a fight to boost ratings a better choice would be Pakistan. We already know they have the bomb. They also have Bin Laden so Jr. could claim a direct tie to 9/11. They could even bundle Musharraf off to a bunker so they could reinstall him later, kind of like DeGaulle after WWII. I don't think George Whiner Bush Jr. whined enough when his daddy told him he had to get Saddam. Aw Poppy, do I have to? Can't you let Neil do it? TP