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

To: philv who wrote (19032)	9/17/2003 7:58:02 PM
From: Ahda	Read Replies (1) \| Respond to of 81175

Phily they have no choice they can't spend it in their nation. They can't toss it out the window or it is worth nothing. This is part of the win win scenario. US buys other dollars to build in other area and the other areas that take those dollars have to do something with them. That means they either directly invest in US companies or buy bonds. There is no choice unless someone gets ever too fed up. That I guess would amount to I don't want your dollars. You have to buy mine on the open market as I certainly don't want nor know what to do with a surplus of yours. Prostitution and Poverty walk hand in hand.

To: philv who wrote (19032)	9/17/2003 8:07:32 PM
From: sea_urchin	Respond to of 81175

Phil > An interesting situation which will go on until it stops Amazing and I agree with your assessment. Thank you also for the excellent piece by Puplova which I thoroughly enjoyed. > I have often wondered about the extent of advantage given to the $US simply because it is the reserve currency of the world. It must be truly huge indeed. Yes and no, it's not just money for nothing, as many feel. Puplova put his finger on it --- the US is being bought out from right under the noses of the Americans, and the more the Americans consume and more the Fed creates debt to pay for it the more of the US is actually being sold off. Unless this stops, and there seems no reason it should, it's clear the Americans will end up as slaves to the Koreans, Chinese, Japanese etc etc. OK, maybe not slaves, but definitely their servants. And those will be the lucky ones who have jobs. >>>They own 46% of all of our outstanding Treasury debt, 13% of all agency paper, 17% of all corporate debt and an almost equal amount of all of our stocks. We work and go into debt each month to buy their goods. They in turn take our money and buy up our assets. As more companies shift manufacturing and service facilities to overseas, our dependence on foreign-made goods (and now services) will accelerate until such time they no longer have need of our dollars.<<< Then pop goes the weasel! But it's also clear, to me at any rate, that this won't happen tomorrow, as some feel, or even next week. In fact, what we are looking at is that the United States, as we knew it, is slowly bleeding to death. Quoting Publova again: >>>We truly are living in historic times. Not since the days of John Law in 17th century France have we ever seen this degree of monetary madness.<<< But what is even more amazing is how few, especially the Americans themselves, actually see what is going on. To change the subject slightly, here is another article which I found very interesting. antiwar.com I won't spoil it for you by paraphrasing it but it's clear there is a lot of trouble in the Halls of American Power --- and there's going to be a lot more.