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To: DebtBomb who wrote (188341)	8/17/2002 10:21:16 AM
From: dvdw©	Respond to of 436258

Just as I posted my opinion on the dollar, you provide a large shard of proof. Afterall, the falling dollar this past year has been subject of much speculation. This speculation rolls right around to the motive of the writer. The trading community especially in Europe is short the dollar as part of an attempt to save the Euro. Getting an economy such as Iran to switch lends credibility to the cause. The Politics of it all, is behind much of the turmoil. Russia is the key for the US, Russia has an entreprenurial economy in the making, nowhere in the traditional Europe do you have the same seeds. Politics & trading of financial instruments is trying to do what policy cant or wont. Thanks for providing just one more shard of proof in such a timely manner!

To: DebtBomb who wrote (188341)	8/17/2002 1:51:08 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 436258

We can expect more actions against the dollar if Bush stays with his current course. A top Iranian official recently cited the US trade deficit and dependence on foreign oil as major US economic weaknesses. merica's weak Spots TEHRAN -- Former president Akbar Hashemi Rafsanjani here Friday recounted U.S. weak spots, including its worsening economic situation, saying Washington's 'adventurism' in the aftermath of the September 11 terror attack was rooted in that country's internal problems. "America's moves are arising from its weakness. Let's not make a horrendous ogre out of America to frighten people in vain," he told worshipers at the weekly Friday prayers. "America's adventurism is not rooted in the September 11 event; it is rather related to that country's fundamental problems at home. Thus, the September incident is only a pretext for the U.S. to achieve its goals," Rafsanjani said. Tehran and Washington have held no diplomatic relations after the 1979 Islamic Revolution, when the Students Following the Line of Imam captured the American embassy, known as the 'den of spies', in Tehran. George W. Bush has branded Iran as part of an 'axis of evil' along with North Korea and Iraq for allegedly trying to acquire weapons of mass destruction. "Some people must not think that we can cooperate with America," Rafsanjani, who is the chairman of the arbitrative Expediency Council, said. "According to statistics, America registered a 450-billion-dollar deficit in its trade balance only in 2000 and its foreign debts have reached 2,600 billion dollars over recent years," he said. "In this light, America each day runs into a debt of 1.25 billion dollars because of its trade deficit," the Iranian official said. Rafsanjani went on by citing U.S. overdependence on oil imports, saying that "America consumes 20 million barrels of oil daily, amounting to seven billion barrels in a year." "Sixty-seven percent of this figure is imported and the rest is produced in America," he added. "If this is the situation in America as cited by that country's scientists, U.S. provocations around the world are understandable," the cleric said.