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Politics : America Under Siege: The End of Innocence -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (20773)	12/22/2002 10:34:29 PM
From: Investor Clouseau	Read Replies (2) \| Respond to of 27786

Like it or not, America is guilty of "theft" on a grand scale. By creating loads and loads of printed cash out of thin air, not only has the value of the US dollar gone down by about 90% since the 1940s, but the currencies of other nations were also dragged way way down. Are you saying that you, and the rest of the world, were better off in 1940 than we are today? If so, you display a lack of knowledge concerning global economics IMO. Yes, the value of a single dollar has declined, but that decline has caused our living conditions, and the especially the living conditions in many third world countries, to skyrocket. This has helped to provide global security. Remember this too, “the rising tide lifts all boats”. And now the US is embarking on a policy of printing more and more cash to artificially keep prices up and give the impression that the national economy is not stagnating. The printing of currency is an inflationary pressure, where is the inflation? There isn’t any inflation because it is being offset by huge productivity gains. I’ll tell you this, we are not are the verge of another industrial revolution, because that is too small to serve as a proper example. I say that we are truly on the cusp of nothing less than a global renaissance. Here are some languages that I think it would be helpful for westerners to know. In no particular order, Arabic, Russian, Chinese, Spanish and English. In light of the above, the prosperity of the US is a "false" one. When the day of reckoning finally comes, you will find yourself without your shirt and more........ There won’t be any “day of reckoning” because we’ll be selling you all of our bridges to offset any deficit. Because I like you, I'll make you a really good deal, and I’m giving you right of first refusal, on the Brooklyn bridge. IC