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

To: philv who wrote (19150)	9/28/2003 3:12:19 PM
From: sea_urchin	Read Replies (2) \| Respond to of 82035

Phil > Each observer sees something different because he does not see the whole picture. That is the challenge, to observe from a vantage point inorder to see the whole picture I think it goes further than that. We are all also subject to the opinions of others, particularly "experts". And, from what I have read, few would agree with my opinion that there will not be a serious fall in the USD. Or to put that differently, most everyone believes that the USD is in for a big fall! To the extent, it is a fait accompli that the greenback is already worthless, or as good as. Apropos the +/- $7 Trillion US debt, all I can say is when I first started posting on the internet, a few years ago, it was about $5 Trillion and everyone was aghast then. And, just as I and others said then, you say now, "It can't continue". All I can say now is that it did and it will. So, and ridiculous as it may seem, in my opinion, eventually the number will be so big it will be uncountable, let alone be able to fit in the display of most calculators. You say we each see the picture differently. Definitely yes, and there is also no doubt that our assessments of what is going to happen differ. I really wonder what Greenspan envisages? When one hears him talk, especially at his Q&A sessions, one never gets the idea that he is at all concerned. He is always supremely calm and confident. Everything is under control. All that is needed is "micro-twiddling" of interest rates. Furthermore, when one listens to US politicians debate the "issues", including the ten candidates, each of whom who aspires to be the Democratic contender for president, the subject of US debt and USD devaluation is not even raised. Likewise, at the debate for governor of California, and its subsequent analysis by experts, all that anyone was concerned about was how Arnie shaped up. An hour ago I listened to Gephard being cross-questioned on CNBC. All that interested him was Medicare and Social Security. Everything I hear is about form and vote-catching? No-one is a bit concerned that the whole house of cards is about to collapse. In fact, I might add, and for what it's worth, that W, himself, has said he is in favor of a strong dollar. So, who says no-one agrees with me? In fact, the President of the United States does!