Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: steve dietrich who wrote (375957)	3/21/2003 4:20:06 PM
From: Baldur Fjvlnisson	Respond to of 769670

War during the raging depression we're in is simply madness. We're heading for a series of currency devaluations as bankrupt western economies try to save their manufacturing base. It's all running on credit. Leveraged to the proverbial hilt. In 2001 and 2002 cumulatively the supposed US "economic growth" amounted to around 500 billion dollars. During the same period households and businesses added debt of six times that or three trillion dollars. And it continues this year. It simply takes several dollars to eke out a single buck of growth. And of course 3 million jobs have been lost. Debt mountains, huge pension holes, tanked stock market, mind boggling fiscal and current account deficits. As before the dollar is toast.