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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (13845)	3/3/2003 4:03:04 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

takeaway from Sennholz: We now face a situation that resembles the late 1970s when the world began to abandon the dollar and liquidate American investments. It took two years of Federal Reserve inactivity and 20 percent interest rates to restore foreign confidence and lure foreigner investors and creditors back. Today, the Fed is doing the opposite; it is making every effort to stimulate the economy by flooding the money market while the U.S. Treasury is accelerating its deficit spending. Both point towards monetary upheavals and deep global recession straight ahead, and both cast a shadow on the future of the floating dollar standard. some dangerous times ahead I fully expect the USDollar to face a monumental crisis which will bring the USEconomy an inflationary recession with massive job losses / jim