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

To: kumar who wrote (53522)	10/20/2002 7:06:11 PM
From: Karen Lawrence	Read Replies (1) \| Respond to of 281500

I stash what little cash I have, in a bank ac that gives me 8% interest Where is such a bank? I think they must be tricking you.

To: kumar who wrote (53522)	10/20/2002 7:24:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 281500

Kumara, USA foreign policy is $ foreign policy. Uncle Al KBE, even got a big award from my Queen. Uncle Al has pointed out that the $ is a global currency with global importance so he's maintaining its value against the world's economy, not just the USA's. Uncle Al can print big heaps of $$, give them to King GeorgeII who can use them to bribe foreign politicians/soldiers and without inflation wrecking the game. It's an extraordinary situation and very, very good for the USA. It's good for me too and a lot of other people around the world. It's Colinisation and Empire, despite the claims that the USA isn't running an empire. Oh yes it is and I have been funding that for some years. I'm now in the process of recolonizing China, [after the absence of my family for 80 years] via QUALCOMM, South Korea, Japan and Uncle Al with King George II providing the necessary military platform via a few aircraft carrier fleets, satellites etc. This is modern empire. Not the Ghengkis Khan rape, pillage and plunder style, the Nazi Goose-Stepping Master-Race style, or the British White Man's Burden sovereign style. This is the next level of conquest and it's going very well if I do say so myself. One reason you might want to rethink your strategy is that the USA pay rates are NOT going to go up, but house prices could very well go down and the car will definitely wear out, leaving the debt but no car. China and India are providing a "Gold Standard" for human hourly rates. There are a LOT of them. They can absorb a LOT of dollars. Those who can manage money will do okay in the USA. Those who can't won't. It's a bit like the Japanese in 1989 thought they were some kind of superior being, but their house prices came back to earth and so did a lot more besides, though those who had the right stuff are continuing to do very well indeed. Nowadays, they are more interested in bargains. Many people in the USA have lost some of the Sudden Wealth Syndrome, the Wealth Effect and are now experiencing Sudden Poverty Syndrome and Poverty Effect. I'd be circumspect about buying a house with a mortgage in the USA. Meaning I wouldn't do it. I wouldn't have cash in the bank while paying a mortgage. Mqurice