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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (23363)	12/12/2002 5:49:48 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

NS, you skipped ahead several pages on me (I was vague) my next page has USDollar heading to mid-90's this will be the 2nd of 4 legs down imho we saw a springtime move from upper 100-teens to 104 now from 108 to 95-96 or so then by March or May or July, below 90 and scare the shit out of Federal Goombas by then the Vicious Circle will be clear USGovt officials and Top economists miss one central point DYNAMICS OF CHANGE movement begets response, and these guys miss the point the declining dollar will unleash havoc we have covered this many times (no need to repeat) my best analogy is descending a ladder from 3rd floor painting if you fall off, you break the legs and possibly the back if you come down one step slowly at a time, then no biggee the US$ decline dynamics will not allow slow descent because it feeds upon itself in a Vicious Circle I agree on a US$ dive for sure my reading was just for the next page I foresee 3-5 downlegs coming the 3rd and 4th will be dangerous if it happens, the 5th will coincide with a world currency crisis I dont believe the issue is so much deep pockets it is confidence by international observers that US officials are able to control monstrously large markets e.g. Trez bonds, USDollar, S&P stocks they have very deep bottomless pockets if it becomes USLeaders vs FOREX, the US$ will lose badly if it becomes USLeaders vs TBonds, the USTB might lose also the question is how many sharks will oppose the USA I anticipate a true lesson in Austrian Economics soon we will see an accelerating amount of new US$ printed vastly increased rate of US$ printing will be required to maintain balance in the financial markets they will have to race harder to stay in place under the surface the legs will be going a mile a minute above the surface the movement will be nil so their deep pockets will expose IMPOTENCE in effecting the desired results, as they attempt to control prices we are in agreement, just using different terms soon goes the confidence "THESE GUYS CANNOT EXERT CONTROL" -- will be learned "LOOK WHAT THESE GUYS ARE DOING TO THE DOLLAR, JUST TO MAINTAIN ARTIFICIAL LEVELS" -- will be perceived in 1998-1999 many openly stated that a serious recession would turn into a depression for the USA, because of enormous debt levels (federal, state, corporate, household) now we are seeing how it works and plays out by openly stating intentions to Monetize Debts, the federal officials have let loose the dogs of financial war today was day #1 / jim