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: T L Comiskey who wrote (19335)	5/21/2003 1:12:54 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Europe's economy will suffer mightily from rising euro the USA used the rising dollar to its temporary advantage for years we raised our standard of living by rendering imports shit cheap but at the expense of huge debts piled up so we really didnt raise our financial balance sheets at the same time so we definitely did not really raise our standard of living only the quality on non-financial life the EuroZone is in for one hell of a ride they dont run up big consumer bills they dont run up big debts they dont ruin their currencies with full bore printing so they wont raise their standard of living at the expense of future bankruptcy I BELIEVE THE ENTIRE US ECONOMY WILL BE THREATENED BY BANKRUPTCY DURING THE UPCOMING CRISIS the Fed is embarking on a lunatic experiment the most sage words I have heard in a while have been... "YOU CANNOT REMEDY A STRUCTURAL PROBLEM WITH MONETARY ACTION" so you cannot fix our structural imbalances (trade debt, gone mfg base, excess capacity) with a money printing parade to impress Johann Guttenberg himself all you end up doing is ruining your entire economy and producing a monstrous future price inflation problem the Fed is now trying to tell us we have a deflation problem we have deflating prices due to outofcontrol monetary inflation which will result in hellacious price inflation ulimately maybe that is what they want to accomplish I dont know but they want the public to be off guard as they up the tempo of the money printing insanity that wont be hard, since the public is fuching cluelss we need to deal with an endless procession of bankruptcies sooner or later this is where we differ from Japan in a major way their banks and corporations are dead kaput, but citizens own a lot of savings, despite many owning mortgages deep underwater we have dead corporations, dead households among renters, cash poor & asset rich households among homeowners, and banks that are setting themselves up for becoming dead when real estate turns sour (only a matter of time) US DEPRESSION OCCURS WHEN OUR REAL ESTATE DECLINES /jim