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To: philv who wrote (3584)	3/4/2003 8:07:53 PM
From: Sawdusty	Read Replies (1) \| Respond to of 5423

I realize that the US is printing money at an extreme rate, but I stand by the hurt that will be applied to manufacturers in Canada with a stronger dollar. Yes, the US buck has depreciated about 20% with the main effect being to get things back to 1999 levels, and yes, to this point it has just removed a short term benefit that perhaps should not have been there in the first place. But it was, causing increased investment and dependance, plus the ability to handle the demanded annual decrease in prices. Foolish? Most likely, perhaps short term gain for long term pain. No global consequence with a stronger Canadian dollar, but there will be at home. Just last week I attended a workshop sponsored by a company with a household name, where everyone was exposed to the "needs" of the company.........lower your prices. Many charts were shown, the most sobering was the one demonstrating the loss of business to US suppliers in just the last few years, some small increase to other countries, but overwhelming increase to China. Obviously their currency pegged to the US dollar is very beneficial to them, and obviously not an accident. My own experiences, plus my conversations with European manufacturers, clearly indicate that the hurt will be felt if the US dollar continues down. Most had built in some protection, but it is disappearing quickly. The Europeans are feeling the Asian pressure as well, some have had their products and cartons, complete with company logo copied. The US is teaching the Asians to be better, eventually it will bite them and everyone else in manufacturing. There is nothing to stop a brand X coming in, a copy of the household name product, just as good quality, perhaps better, but much, much cheaper. Guess who trained them. It's already showing up occasionally, but it will increase. We are all guilty due to our excessive demand for Walmart pricing for everything we buy, in Canada as well as the US. Sorry for the diatribe, bad day I guess. (g) Cheers,

To: philv who wrote (3584)	3/4/2003 9:37:20 PM
From: Jim Willie CB	Respond to of 5423

excellent points, PhilMan as we flood the world with printed dollars, the holders are free to diversify that capital into Euros and Gold which is exactly what they are doing so in effect, the US Fed plan is backfiring since newly printed money is going indirectly into gold the portion going to the euro will eventually invite a counter reaction but even that will resume up to Euro = $1.15-1.20 but in my view, the ultimate irony is the US Fed monetization effort is feeding the gold demand via Asia and in a bigass way / jim

To: philv who wrote (3584)	3/5/2003 8:21:58 AM
From: IngotWeTrust	Respond to of 5423

philv sez: The $US has already depreciated some 20% against the $Euro. This has not resulted in any great advantage for US industry or US balance of trade. That is precisely the point of the depreciation...against the EURO that is. ....however, EURO is not our largest balance of trade partner against whom we need to depreciate the buck and encourage exports. Were to God the US $ was the best vehicle for effecting that BoT and enhancing exports...it would appear that WAGING WAR is the best vehicle for the USA to effect BoT now...however righteous the current/IRAQI conflict on the horizon is (...and I believe it is a righteous war, FWIW) Your unspoken but well-founded idea of tracking the "crosses" is a timely one, as well as a largely ignored currency tracking tool, especially when measuring nuances in US$ fluctuations.. gold & platinum_tutor