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

To: Don Lloyd who wrote (18834)	5/6/2003 11:03:30 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Don, I believe we are 95% in synch on views I dont invest in the euro I will exploit gold & silver gains versus currencies what I have said all along is that the euro will be a temporary vehicle during the transition from the dollar to gold or gold-backed currencies e.g. upcoming Islamic Dinar or Chinese Yuan (in time) I fully expect the euro to rise against the dollar to the point that an overvalued euro will send their economy into the shitter they are teetering now a rising currency will tip them over the edge a shorterm investment capital flow will benefit them briefly but not enough to matter in this shrinking environment I agree the ECB will flood the FOREX with euros, already begun it will enter a 2nd and 3rd gear soon they will lap up demand for euros with new EuroBond issuance as soon as that Duisenberg gets his head out of his ass d'accord? as for the 15x greater gold backing of euro currency... I expect this to be of monumental importance, but in the future when the currency crisis fully ripens and much talk in official and trading circles ABOUT DEFAULT OF TREASURY DEBT AND CONVERTIBILITY / jim