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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: William B. Kohn who wrote (1631)	1/3/2003 9:59:19 AM
From: zonder	Respond to of 15987

My wife and I have decided that our vacations will no longer be places like France or the Western continent of Europe. We will only vacation in places who deserve our vacation dollars! Great. Please stay where you are. I don't think there will be many around here who will cry after your "vacation dollars" <g> On the one topic, where I think you may have something of value to add Oh I am so flattered. I'd like to understand what fundemental weaknesses you see in the US economy that would allow the US currency to decline with respect to the EURO In short, the US has a serious current account deficit (far more imports than exports), and an unhealthy interest at present in spending a lot of money on guns & tanks. So how to close the current account deficit? Easy - devalue the USD, make imports more expensive and exports cheaper. On the other hand, with interest rates falling and the stock market as miserable as ever, there is obviously not much demand in the money markets for the USD. That is another reason why its value declines, as people decide not to hold USD assets and move to other currencies. All these we suspected. However, the moment of truth came on November 21st, when Fed Governor Bernanke gave a catastrophic speech where he LITERALLY SAID that they could very well PRINT USDs! You can find the link to Fed Governor Bernanke's 21 Nov. 2002 speech and my initial comments here: Message 18263284 I hope this helps. US will print money. This means the existing USDs will be worth less. So everyone sells USD and USD assets. Logical. I am proud of my bias in the Israel/Assumed Palesinian issue. It defines me! Congratulations. I have nothing against your pro-Israeli bias. My point was to Rollcast who has singled me out in his mind as unfit to give opinion on any issue because he feels I am biased, although I am neither Muslim nor Jewish, neither Arab nor Israeli. bill@proudtobeanamericanJEW.com More power to you, Kohn. Should you comment... How could I dare? <g> I did serve in the US Military for 5 years Err... Do I care? What service did you give to Monaco?? Even if Monaco had a military (it does not), why should I, a girl who has been living here for a couple of years now, go serve in its military??? Aren't you a little desperate in your feeble attacks? Anywhere else?? None of your business.