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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (366564)	3/6/2003 4:03:04 AM
From: GUSTAVE JAEGER	Respond to of 769667

Re: We can do a LOT better, folks, and the biggest problem is at the top (along with his advisors) who want us to remain in mass denial. Of course you can do a lot better... on the condition that you write Europe off. I think that a big part of the current geopolitical crisis stems from a EU bloc that just can't keep up with the Jones. Here's a clue: Message 18643952 Excerpt: The disappointment has been Europe, and it has been the drag on world growth not the US. However, in spite of uncertainties about Iraq, North Korea and other associated geopolitical risks, [John Lipsky] thinks global growth will have reverted to around 2.5% to 3% by year end - which was its trend rate in the 1990s. Got the picture? The US establishment, out of ideological prejudices, clings to the Transatlantic trade as the only economic panacea to keep the US economy up and and running... You still suffer from the "Bilderberg syndrome", that is, the obsession to keep the US-EU trade at the center of the global economy, hence the mass denial you're talking about: what of the Chinese elephant in the middle of the garden?! Let's face it: the EU bureaucracy has proved --and will likely continue to be-- unable to kickstart the European economy... Therefore the stresses imposed by the 1:1 USD-EURO peg on the macroeconomic fabric will build up to the breaking point. Then, as the euro will fall, so will the weight of the Transatlantic trade vis-a-vis the Transpacific one, bringing about the so-called Pacific-Rim era. Yet, such an earthshaking paradigm shift calls for a similar watershed in the minds of US elites --the Transatlantic Old Guard must eventually give way to the Transpacific Frontiersmen.... Gus