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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (19006)	9/15/2003 7:02:37 AM
From: philv	Read Replies (1) \| Respond to of 81145

I think the US will not enact tarrifs. It is too open for all to see and goes against the concept of "free trade" and globalization. Therefore, the only alternative is a devaluation of the almighty buck, accomplishing the same thing and more as it tends to monetize all debt through ensuing inflation. All you have to do is print money (which they have been doing with abandon for quite some time), and somehow disperse this money (not an easy task). Asian and European countries will try to prop up the dollar for their own reasons, but when they finally throw in the towel, watch out below.

To: Jamey who wrote (19006)	9/15/2003 3:26:59 PM
From: sea_urchin	Respond to of 81145

James > I am deeply concerned about our economy and am to the point that .... we are still headed for an economic crash that will make the 1930 look pale in comparison Sorry, I don't agree with you. IMO, there's a lot wrong but nothing like the 1930s. In fact, as I mention frequently, the circumstances now are quite different from then particularly the multiplicity of controls which can be used to manipulate the economy. I do think, however, that the US has reached the zenith of its economic power but I also recognize that the US has, to a considerable extent, been the architect of its own demise. I find this piece by Kurt Richebacher, at your recommended site, sets the position out much as I see it. financialsense.com However, he leaves the reader in the air and does not discuss whether the "ponzi scheme" will succeed or not. >I believe that it makes no difference what party holds office, I think it depends on where one is in the order of things. There's no doubt that this government favors big business and abhors social services and the politics of entitlement whereas the Democrats are the opposite. Both parties, of course, screw the "ordinary" middle-class guy and both support Israel, come what may. > Anyone can benefit tremendously from reading and being prepared for what is to come. I fully agree with you and I thank you for your recommendations. As I imagine you may have worked out, I am a "free-thinker". I like to read a lot, think a lot and make up my own mind. I also like to argue a lot!