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To: Jim Willie CB who wrote (3662)	3/12/2003 5:00:36 PM
From: Sam	Read Replies (1) \| Respond to of 5423

How did Friedland ever get to be so smart ,he now knows everything about running the governments of all the countries ,He should stick to what he is good at ,hunting for diamonds sam

To: Jim Willie CB who wrote (3662)	3/12/2003 9:34:45 PM
From: d:oug	Read Replies (3) \| Respond to of 5423

re: Friedland “The US dollar is toast because China is going to export awesome deflation. It is going to depress real wage rates in the West in a very serious way; will hurt unions and take down urban real estate in the United States..." . Jim, . With the above word used "urban" a reference to large cities in the USA, does Friedland's "take down urban real estate," if it becomes true, would this cause a transfer of business into or out of the cities? For me there are too many variables not touched upon in his article, for example, what caused the "take down urban real estate," as was it a collapse of the economy inside cities where people left seeking employment elsewhere, or would it be a situation where real estate prices fell because of a decreased in the wealth, value of their US Dollars, from inflation, that would reduce the demand for over priced real estate, causing that deflation on top of inflation, called stagflation i think. . Seems to me like a situation completely out of control where one can hold a value and overnight either lose that value, or have it simply become worthless or change hands to another person based on those folks who are connected to Powers that Be in the foreign nation being able to influence Law & Order. Note, i did just change topic from USA real estate to investing in foreign nations, based on one being a USA citizen. Gues for a situation like current world events, that one is better off not following any single one person for a big win, but obtain the services like you and Russ Winter that collect many many "winning situations" and gather them all together using that math model where probability factors that all together for a positive outcome :o) . Also " will hurt unions" to me will be one of the very few silver linings in the chaos we now have. Yes, to me unions are bad and have been debated by folks telling me they are good etc etc, and this topic is one that is fruitless to debate especially with the China slave labor pool accepted by USA folks shopping in Wal-Mart. (or) More slave labor forces will appear in a down world economy, and even in the USA when high paying union folks in the auto industry find their near zero skill job gone forever, as they existed in a standard of living requiring a high payiing job. . Also, its just speculation on my part, but the current minimum wage laws on the books may cease to not exist in principle when the demand for low paying jobs far exceeds supply, and people will actually "bid" for these jobs in a reverse paycheck amount while employers notice that no legal action is taken towards them just so no illegal aliens are employeed, causing a bad situation for massive populations that now exist doing under minimum wage jobs as non usa citizens. . too much, too crazy but we ain't seen nothing yet doug