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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (30104)	10/14/2003 10:45:21 PM
From: Karen Lawrence	Respond to of 89467

We caught up with our old friend, investment biker Jim Rogers, last night. Jim was making a presentation at the Royal Automobile Club to a group of fund managers and private investors. "You can read the papers all you want. You can even go to a country and talk to the finance minister. I can tell you exactly what he'll say: that things are improving. "But if you really want to know what is going on, you have to go out and talk to real people... cross the border at some remote location... talk to people. What we found after going around the world for 3 years was that if you really want to know what a place is like, you should talk to the woman who runs the whorehouse. The madams seem to know everything." What Jim wants to find out when he travels is what we try to figure out at home: Are stocks going up or down? Is the currency solid? What is going on? "I'll tell you what is going on right now," Jim continued, echoing themes from his foreword to our book. "Americans have over-reached. That is what you find out when you get out and talk to people. No matter where you go, people generally are friendly to Americans, but they distrust and dislike the way the American government throws its weight around. We have troops in 120 different countries. It costs a fortune to keep them overseas. They're supposed to be making the world safer for us, but from what I can tell, all they're doing is making enemies. When we were traveling around, Paige [his wife] and I tried to defend our government, but I don't know how many times people asked 'Well, how would you like it if there were troops from Iran or Iraq or India stationed in your country?' "Or, 'What would you think if there were Moslem soldiers in the Vatican... or in Jerusalem?' "I didn't have a good answer. The truth is, I probably wouldn't like it. "But it's not just in foreign policy that Americans have over-reached... it's economically, too. Americans are too far in debt. They owe more money to more people than the entire rest of the world put together. "Now, almost all central banks - except maybe China - have gotten very good at debasing their currencies. But none of them have gotten as good at it as our own Fed. At the Fed, debasing the currency is the stated policy. Fed governors have promised to dump dollars from helicopters if that is what it takes. And already, there are dollars all over the world. Everybody takes dollars... and everybody has dollars. And, if they ever decide they don't need so many dollars, the greenback is in big trouble... "If I have one piece of advice for you, it is to get out of the dollar... " from the Daily Reckoning...

To: Karen Lawrence who wrote (30104)	10/15/2003 12:54:15 AM
From: elpolvo	Read Replies (3) \| Respond to of 89467

the Bush administration does deeply reflect its leader, and this means that policy, even in military matters, will be processed in terms of the personal, in terms of the moral, and in terms of a sense of divine purpose that propels the present to meet the challenges of its time. and this would be the photo that goes with that accounting, yes? story.news.yahoo.com