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

To: Don Lloyd who wrote (18774)	5/5/2003 2:33:03 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

you speak in too many absolutes to be useful, Don with all due respect, the euro will be the initial port of call for the dollar exodus on the high FOREX seas the EU has near nil trade surplus or deficit the EU has 15x the gold backing its currency so its fundamentals are superior to the USA's sure, all fiat currencies are doomed but such a belief is not useful for the next 2-3 years Islamics will be continuing their retreat into euros, out of the dollar and its many instruments so what if the EU is loaded down by socialism? so is the USA this is the biggest bunch of horseshit thrown at Europe and the EU and euro we dont have socialism? my paycheck sees 6% disappear from Sochacurity BlackHole, not to mention that 28% to jumpstart the craziness, then another 2-3% for Medicaire/aid, then 6% for state with no home deduction, tax victims pay out almost 40% in taxes to support a wild military and vast social network we have the highest corporate tax burden in the entire industrialized world, which exacerbates an overvalued dollar for intl competitiveness get with the program, off your pedestal, and join reality the US$ was similarly doomed in 1994, recall, after bailouts of the S&L, Mexico, etc but despite continuing the world economic loan gaurantor role with LTCM and Y2K, the dollar-based securities still rose substantially over the next 5 years EU will probably enjoy some uplifting benefits, with less vigor and its currency will rise toward $1.30 imho, maybe higher the euro and EuroBonds have bigtime credibility and liquidity now those are essential for serving as a favorable port during the great dollar exodus you criticize, even attempt to denigrate, without offering much of a superior workable plan I say the euro is the weigh station for gold the world is clearly demonstrating that it is now quite ready for gold not yet, but it will and the euro will be absolutely essential in assisting gold during the dollar flight / jim