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

To: Ahda who wrote (19153)	9/28/2003 4:31:08 PM
From: sea_urchin	Read Replies (2) \| Respond to of 82035

Darleen > our system and our politicians speak to the publics emotions Absolutely. I do understand that. I also understand how everyone wants to push all the problems under the carpet so that they can be forgotten. No-one seems to think that the ones who will have to clean up the mess are the children. > If someone gets up there and states look buddy we have one big problems our economy is just to costly that means you are not going to get a raise and neither are these fat CEO going to keep their incomes. Who is going to say that? Not a politician. > We can't afford to compete in the world That's the part I don't understand. The failure to compete is part of a deliberate policy to move jobs to low-cost countries. For many years already, it has been stated that the economy of the US has changed from manufacturing to "service" and that it is therefore not necessary for the US to compete in world markets. Therefore, today, as I see it, it is no longer structurally or economically feasible to bring manufacturing back to the US, even if the USD devalues. > This is going to be a lean machine trimming costs and that just might mean that your 1m house is going to be worth half that. I see it differently. I see a depreciation of the money without a particular rise in prices. Reason --- because everything is in over-supply no-one need pay more for anything, unless there is a bubble. In other words, an invisible inflation. So, I don't envisage house prices, or even stock market prices, falling because the Fed will keep interest rates low ie money will be "cheap". If interest rates were to rise then that would be something else but I don't believe they will let that happen until the economy is well and truly on the uptrend. Whatever that means. > You would have a run on birth control pills if anyone had the courage to state that That's not necessary. Life is so hard that zero or even negative population growth is the order of the day in all "advanced" communities. And the other communities will continue breeding because the kids cost the parents nothing, especially the fathers. > People are selfish they vote for what they feel will benefit them, rose coloured feels good. Sure, but one imagines that somewhere along the line the reality of the situation has to rear its ugly head --- even a little bit.