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

To: philv who wrote (19380)	10/20/2003 11:38:57 AM
From: philv	Read Replies (1) \| Respond to of 81900

"A "change of mind" had occurred, said Böhm-Bawerk, and the accumulation of massive deficits reflected a "lack of morality" (p. 511): "We slithered from surpluses into a phase of easy-hearted and willing expenditures, and we continued to slither even after the surpluses were long gone."[ii]" No, they are not talking about the present situation regarding the US dollar. The above quote is from ages past, another world, another "empire". One can dismiss the past as irrelevant or one be instructed by it. ... Your choice I suppose. mises.org

To: philv who wrote (19380)	10/20/2003 12:41:37 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81900

Phil > A hint of things to come? Without any doubt --- and worse. Unquestionably, the outlook for ordinary people is grim. > I have not yet fully accepted the premise that "they" are in total control; that "they" know what they are doing and will not fail. That's only my opinion, and I'm not clairvoyant. But the game is world-wide and every country is playing it. Anyway, please don't get me wrong, I'm not for an instant suggesting that, because my opinion may differ from yours, that I know exactly what to do about our predicament. All I do know is that one must be as vigilant as possible, consider every eventuality, and do as much homework as one can, and not be suckered by quick-fix solutions or "snake-oil" salesmen. If one thinks about what is happening it's actually incredible. Here's the Secretary of Finance, John Snow, saying that all growth means is consumption, and the more money one spends the more growth there is. And the more money one spends, the more jobs there are. But, what is even more amazing is how the economists will accept all this and will soon be saying that the US economy has "recovered" and is "growing". Blah, blah. The situation is identical to what we saw on 9-11 where they fly their own planes into their own buildings and then blame a guy living in a cave on the other side of the world as the mastermind. Or, they grab Iraq by "proving" Saddam had WMDs when all he had was Sweet Fanny Adams. And, it's actually incredible, indeed mind-boggling, how people believe these lies over and over and over. And will even fight and give up their lives in defence of the liars and what they say. The human is truly an amazing creature.

To: philv who wrote (19380)	10/30/2003 7:12:28 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81900

Phil > How about bullshit baffles brains apnews.myway.com >>>The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. President Bush's spokesman, Scott McLellan, told reporters aboard Air Force One en route to Columbus, Ohio, that "today's numbers are another positive sign" that the president's strategy for boosting the economy by cutting taxes "is working, getting more money into people's pockets." Federal government spending, which grew at a 1.4 percent rate, was only a minor contributor to GDP in the third quarter. Spending on national defense was flat. But in the second quarter, military spending on the Iraq war - which grew at a whopping 45.8 percent rate - helped to catapult economic growth. A better trade picture in the third quarter also contributed to GDP growth. <<< And some people are worried about a little debt!