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To: 4figureau who wrote (3477)	2/27/2003 6:18:22 PM
From: Jim Willie CB	Respond to of 5423

Richy Russell shares some wisdom, one of my faves gold-eagle.com he is very concerned about the dollar he believes it sits at the precipice "THE DOLLAR - The greatest danger to the US markets, to my mind, is the possibility of an all-out dollar crash. To my mind, the biggest miracle in finance today is that the dollar has not totally collapsed over the last few months. Well, to be honest, the dollar has not done that well. I show here a monthly chart of the Dollar Index along with a 12-month moving average. From its high of 121.28 set in July 2001, the Dollar Index has now declined to a February 2003 low of 98.60, a loss of over 18% in two years. But today the trade deficit is running at a rate of over half a trillion dollars a year, the national debt is over $6.4 trillion, and we are close to what could be an expensive war. All of these suggest that the dollar could be on the edge of the precipice. / jim