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To: ubetcha who wrote (2450)1/7/2003 10:05:04 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 5423
 
the major overlooked feature of currencies is momentum
entire continents are gradually abandoned as investment wastelands
Asia was built up as an investment continent in early 1990's
the momentum was huge, continuing past the ripest years
then the Asian Meltdown hit in 1997, bang dead
it has been a wasteland ever since

I believe fully 100% with the statement that the USDollar must be maintained as strong (levitation), or else it collapsed completed and totally
I never said how long it would take
might be 3 years, might be 5 years
its extreme fundamentals dictate this extreme view

on CNBC they are finally getting responsible in their discussion of the federal deficits, as they discussed the Bush Recovery Package before our Congress
(now there is a big bag of bullshit hot wind bankrupt thinkers!!!)
the discussion this morning touched on the likelihood of a $1 trillion deficit in 2003 or 2004
I believe the Jackass has been making similar predictive utterances lately, or ALL YEAR LONG

combine a 5.5% of GDP trade debt with a horrendous and questionably effective $700-1000 Billion federal deficit, an economy with so much debt that its engine transmission has slipped, and you have the foundation for a dollar collapse

yessirreee, a dollar collapse
might take a few years
why do you think the Trez Dept is planning a domestic orange tinted new dollar?
WE ARE TALKING ABOUT A FIREWALL TO PROTECT THE US ECONOMY AS MUCH AS POSSIBLE FROM THE UPCOMING DOLLAR DECIMATION

people like to say I exaggerate
in spring 2002, I said ...
2ndHalf Recovery would not happen
gold would bust past #330 and not look back
USDollar would drop in several 10% declines
trade gap would not respond to a lower dollar value
Federal deficits would top $1 trillion by 2004
bankruptcies would continue like a long parade coming to town
Dow would find its way back to 1994 levels of 4000

where have my so-called exaggerations been off ?!?!?
the last call has been stubborn, give it time

THE USDOLLAR WILL COLLAPSE, BE REPLACED, AND SCREW FOREIGNERS
THE FUNDAMENTALS DICTATE IT

/ jim



To: ubetcha who wrote (2450)1/7/2003 3:08:26 PM
From: SOROS  Read Replies (1) | Respond to of 5423
 
Perhaps the emphasis is on the word, "maintained."

I remain,

SOROS