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

To: stockman_scott who wrote (56965)	11/13/2002 3:25:57 PM
From: Karen Lawrence	Respond to of 281500

But now America is staring at endless budget deficits, and our trade deficit in goods just passed the $500 billion mark. The dollar is falling. We are reaching the outer limits on how much we can lend bankrupt regimes. We are reaching the outer limits on the imported goods we can take in to help Third World countries earn the dollars to revive their economies. We are running out of jobs and factories we can sacrifice to the Global Economy. The price of altruism is getting too high. I agree, we should invest in ourselves. In the war on terror, the latest reports are troubling. The situation in Afghanistan is deteriorating. Al-Qaida is slipping back in. There is talk that U.S. forces may be needed to disarm the warlords. Most concur that Afghanistan is NOT stable and our pulling out of there would spell disaster. In Morocco, Turkey, Bahrain and Pakistan, Islamic parties have swept to victory on a popular belief that America's war on terror is a cover for America's war on Islam. Neoconservatives howling for all-out war on "militant Islam" and Sharon's braying about America taking down Iran next, only confirm Islamic suspicions. This is the worst problem the US faces. We need to pull back and support and protect ourselves, this country. IMO

To: stockman_scott who wrote (56965)	11/13/2002 7:24:08 PM
From: Condor	Read Replies (1) \| Respond to of 281500

But now America is staring at endless budget deficits, and our trade deficit in goods just passed the $500 billion mark. The dollar is falling. We are reaching the outer limits on how much we can lend bankrupt regimes. We are reaching the outer limits on the imported goods we can take in to help Third World countries earn the dollars to revive their economies. We are running out of jobs and factories we can sacrifice to the Global Economy. The price of altruism is getting too high. On that note, I came across the following post. I could not even pretend to assess its validity. I thought it was interesting though. Monetization of gold (again)....as follows >>By Jim Sinclair. Moscow, 11 November: The Central Bank of Russia today put into circulation the gold coin with denomination of 25 Roubles and the silver coin with denomination of 2 Roubles in the "Sign of the Zodiac" series, with the image or Sagittarius depicted on both coins, the bank's external and public relation department reported on Tuesday [as recieved]. By VatoLoco. Rico Sauve We have china opening up their gold exchange...The EURO with it's 15% gold backing...the Dinar to be traded between a billion Muslims. The Dollar with nada backing it. The stage is now set for a fall in the dollar and corresponding leap in th "dollar reserve replacement value" of hold held in the BIS system. The point is clear for all to see...when a crashing dollar exchange rate comes from dollar price hyper inflation...and drains world liquidity and value from dollar holding...gold and EUROS will fill the void. It's not an accident that the breaking of the world gold market structure and dollar pirce inflation has come just as the introduction of the EURO. EURO depth grows every day and brings in ever more players seeking operations value. Now you know why gold must rise far, far higher than anyone expects or predicts. Now you kknow why our paper gold contract market is about to fail as a "freegold" physical market takes over. Gold in the many, many thousands is in our future as the transition to EURO reserve status is set to begin.<< Message 18225380

To: stockman_scott who wrote (56965)	11/13/2002 7:30:30 PM
From: kumar	Respond to of 281500

We are reaching the outer limits on the imported goods we can take in to help Third World countries earn the dollars to revive their economies. Its capitalism in its purest form. If I try to sell you a shirt for $10, and some one from the "3rd world" offers to sell the same kind of shirt with no differentiation in quality, for $2, who will you buy from ?