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To: Box-By-The-Riviera™ who wrote (247610)6/28/2003 10:58:29 PM
From: TobagoJack  Read Replies (2) | Respond to of 436258
 
Hi WFG, <<blow up coming>>

Meantime, in the econo-financial, we are only one-step away from here, finally, after 24 months wait ...

http://www.siliconinvestor.com/readmsg.aspx?msgid=16040265
July 6th, 2001
Hi Joel, I am going through the news items as part of my morning prayer exercise, and a scary thought occurred to me (yes, I have them some times): what happens if the US devalues the dollar, but the other nations do not let it, and devalue right in sync? Which is most likely what they will do, from Japan, to China to Euro, because all are as weak or weaker. Then we will be in real real trouble, as opposed to real trouble.
Chugs, Jay

Message 16040577
July 6th, 2001
Hi Joel, I think, scarily again, that in the event of USD devaluation, and the deliberate synchronous Yen, Euro, Yuan, Baht, Peso, ... devaluation, the outcome would be truly New Ec, as in global deflation for manufactured goods due to the emergence of China as a manufacture base for all things electronic, Japan and Korea for all things on wheels, and India for all things software (these countries were not in play in 1929), and global inflation for all things petroleum and gold, due to lack of faith in the global currency USD (this USD was also not so dominant in 1929). Real estate etc and all assets that earn a declining return due to deflation will deflate as well. This would be a yet again unprecedented phenomenon, born of New Ec.
Why not?
I am afraid.
Chugs, Jay