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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (43276)	9/11/2002 1:30:44 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 281500

Saudi petrodollars are very much needed in US economy where have you been? we need $400-500 billion per year to support TrezBonds we need $400-500 B per year to fill trade gap this is the biggest misconception, of disastrous proportions we need foreign capital like a drunk needs a package store stability to Middle East oil fields? you are extremely naive here new discoveries are disappearing Russia is the only card left and they are quietly tied at the hip to Iraq Gold will only gain in a market of uncertainty. Creating certainty through imposition of "order" through strength and economic development is the best best to reversing that psychology of uncertainty. the uncertainty meter has been rising on a monthly basis since the Naz Bubble broke imposition of order? no such thing it evolves thru leadership and time-tested ideas we dont have any now, of either expect the psychology to erode all decade long Machiavelli !!! keep that thought, esp when the dollar erodes right under your feet USA has an illusion of power now, with smart bombs alone we are not in control, and that is YOUR ILLUSION we dont control the financing of our twin debts (federal, trade) we dont control the value of the dollar we are the DEBTOR, which is always the PRISONER in the equation that is why I always conclude with comments like our vulnerability is exceeded only by our ignorance and arrogance good luck to you citing Machiavelli is way off base our entire economy resembles the South Sea Ponzi story today, Machy would resemble a carnival barker attempting to attract customers to part with dollars for shiny pennies / jim