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To: mishedlo who wrote (215433)	1/17/2003 6:55:59 PM
From: Mike M2	Respond to of 436258

M, I don't take issue with anything he says other than to suggest that perhaps after the swift victory with operation desert storm I wonder how many could doubt the US ability provided the resolve is there. Maybe the military supremacy is fully priced into the buck and anything less than a quick decisive defeat would hurt the $. I don't expect military action to reverse the long term decline of the dollar. In desert storm Iraq had control of Kuwaiti oil already and seemed to be a credible threat to Saudi arabia - the reality situation is different at the moment - Sadam may be a threat but he does not occupy kuwait nor is he in a position to invade saudi Arabia. Haim does follow the mid -east much more closely than i do and i am generally impressed with his insights - especially the markets. It is worth repeating that it takes enormous capital inflows just to maintain the dollars value ( 1.5 billion/day?). Yes, world events can create a rally within the decline but i feel that the fundamentals in place for a weaker dollar are overwelming . Jim Puplava- financial sense has some good insights check him out.. mike