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

To: loantech who wrote (8685)	11/1/2002 9:58:11 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Fed will survive, but the dollar will not (in current form) they can utilize their power elite tactics, but recall their available weapons - printing press undermines dollar by excess supply - low rates undermines dollar by competition - gold dumping undermines collateral for the US trez debt, thus the dollar - low bank reserves undermines fractional bank system integrity, thus the dollar - support for underlying derivative gearing undermines entire financial system, thus the dollar - shoddy whorish cheerleading and econ reporting undermines Fed credibility at a media level, thus the dollar - fallacious gold accounting to Congress undermines Fed credibility at a fundamental level, thus the dollar did I miss anything? all their weapons, if used, hurt the dollar, and thus lift gold not necessarily day to day, but in nearterm and longterm this will get uglier with each passing quarter (not month) the precarious condition of the dollar chart is now receiving its due attention / jim