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To: Softechie who wrote (449)1/28/2003 2:53:55 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 1210
 
Snow was appointed because for several years he has complained about the strong dollar policy causing irreparable harm to US firms and their exporting potential
once appointed, he morphs into an official mouthpiece
you dont believe his words, do you?
if you do, then you are a dope
I know you dont

so, what is this all about now?
Snow is preventing a DOLLAR FREEFALL
that is all

but continued Fed Monetization efforts will prevent the TBond yield from rising enough to forestall the dollar decline
this is where official policy falls flat on its face before the markets

nothing but talking up the buck
imagine if he spoke for a weaker dollar down by 75-80 !!!
that would create a landslide in the FOREX
hey big effing deal, the dollar has gone from 106 in late summer to 98+ now
another big drop

some fuching turkeys thought the dollar would bounce off 104 and head to the 110-teens back then
I didnt believe them then, and I dont believe a bounce is coming now

the only very temporary saving grace would be quick resolution of the Iraqi mess
and I truly believe 85 degree temps north of the Mason-Dixon line in February has a much better chance
or my marrying Brooke Burke in a lovely June wedding
or regrowing hair on my shiny pate
or partnering with Warren Buffet's staff in Omaha

as I said in my article, the mass delusion going on inside the United States is horrendous and widespread
we believe in capitalism
we believe in our military
what we forget is that our Islamic enemies are not using Soviet weapons
what we forget is that our dollar is a bubble 100x larger than the Naz tech bubble
we ignore our debts during a massive debt collapse
and even take on greater debts

/ jim