To: long-gone who wrote (17248 ) 2/20/2003 9:36:43 AM From: sea_urchin Read Replies (1) | Respond to of 81972 long-gone >the prevailing analysis coming from much of Europe is greatly different than from the US. We now(?) all know "analysts" do not operate in a vaccum, rather, they mostly only make statements which support another interest. That's why I posted articles which show the oil price at either end of the scale. I would imagine however, like he did when he withdrew from Kuwait in 1981, that Saddam would set fire to the oil wells at the first inkling of an attack. It's easy to do, is a very good tactic because the smoke masks communications and aerial visibility and the lack of Iraqi oil on world markets will increase the oil price. This could push Europe and Japan into recession. Maybe the US will be unhappy about a big increase in the oil price and maybe it won't but Russia and OPEC will be laughing all the way to the bank. >"You want to hear the truth, don't ask a man with a dog in the fight which started it or any man betting on either side". Where is that man who has no bias? Even each of us has a vested interest, albeit a small one. Not even mentioning these fellows.telegraph.co.uk >to find a great part of the "real" reason the $ has lost ground one must look to those states & people whom elected President Bush. Those maps are VERY interesting, in fact, Mr Hodges' whole web site is a tribute to an enormous amount of work which he has done. The distribution of the population in the US is of course most fascinating and the maps show quite clearly that most of GWB's electoral support came from the rural areas. Nonetheless, big business and the media are squarely behind him and that's urban. But I suppose big business and the media would have been behind any President who wanted war. What is important if one is looking for true democracy (ie one person, one "effective" vote) is to note how few counties represent the majority of the US electorate --- in other words, how "undemocratic" the US electoral system would have been if it was based on counties. In South Africa, under the previous regime, there was a heavy weighting in favor of the rural (Afrikaner) electorate. English-speakers live predominately in the cities and frequently had to poll ten times as many votes as a rural contender in order to have someone elected. Today, the ANC have re-skewed/normalized the delimitation areas so that each has more or less the same number of voters. Physical area or location is no longer of any consequence. Since blacks are the majority everywhere in SA, this ensures that their vote will dominate at the polls. So now we have tyranny in the name of "democracy". Previously, we just had tyranny! I have to say, however, that I am unable to see how the geographic distribution of the voting support which GWB received gives an indication as to why the USD lost ground. Are you implying that the cheap dollar favors the export of agricultural products?