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To: Haim R. Branisteanu who wrote (259657)9/10/2003 12:28:38 AM
From: mishedlo  Respond to of 436258
 
321gold.com



To: Haim R. Branisteanu who wrote (259657)9/10/2003 3:20:09 AM
From: TobagoJack  Read Replies (2) | Respond to of 436258
 
Hello Haim, <<... US ... should impose duty taxes on imports ... The net result will be more money in the treasury coffers to trim the budget deficit>>

... I believe whenever the Treasury takes in money, it is either more debt or more taxes, and neither is a good idea most of the time.

<<... well being of its citizen ... US administration ... and it is called JOBS>>

... In the current case, I do not see how additional taxes on imports will save US jobs, unless such taxes rise pervasively and across the board 100% to offset import cost advantage, in which case, given the resultant stoppage in cycling of USD trade currency, the collapse of the USD currency, and the concurrent rise in USD interest rate, a depression will be, Argentina style, and still no jobs.

<<Finally the FED will be happy as we may witness some inflation>>

... I do not understand how triggering inflation, thus destroying the last bit of savings of J6P, will help the situation.

<<... and gold will go trough the roof>>

... ah, OK, now I see how matters can improve (for me), and am thus 100% in favor of 100% tarriff on all imports for all the countries of the world, ala 1929 style. Let's do it. You have convinced me :0)

Chugs, Jay