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


To: stockman_scott who wrote (6042)9/10/2002 10:33:48 PM
From: Jim Willie CB  Read Replies (5) | Respond to of 89467
 
attacking Iraq will set off chain reaction
higher oil prices
scattered oil boycotts
Arabs coming to Sodomy's defense
political problems with Saudis
spreading conflict to uncontrolled unexpected areas
anger by our allies (e.g. Turkey)
boycott of dollarized assets
slowdown in US and European economies from "energy tax"
higher gold price

and if the conflict persists, massive derivative events
gold is linked to bonds and interest rates directly
the dollar will be trashed

big big assumptions are incorrectly being made now
regarding our so-called allies (Arab and European)
regarding levels of equilibrium in dollar, bonds, stocks
the ineptitude of the Bush Econ and War Team is colossal

I have never in my adult life seen the American system more vulnerable to foreign retribution
this seems to be lost on our leaders
such a lapse of judgment carries with it dire consequences
either amateurs, stupidity, or recklessness
I suspect all three

/ jim