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To: patron_anejo_por_favor who wrote (264505)	10/23/2003 6:58:24 PM
From: ild	Respond to of 436258

Thursday, October 23, 2003 Why Foreign Capital is Fleeing the US and the Dollar Author: Jim Sinclair I can understand why certain items in the Patriot Act are required but as in all temporary laws they tend to be permanent and usually grow in size in the long arm of government. Yesterday, US prosecutors testified that domestic terrorism investigations could be hampered if Congress allowed sections of the controversial Patriot Act to expire as scheduled in 2005. Surprise, surprise. Money deposited in the US by non-US individuals or corporations - if deemed to be connected to any activities covered under the Patriot Act - may be confiscated without due process. Would you keep money in any country where your funds could be confiscated without any legal recourse? The answer is simply no. The US used to benefit from political problems abroad in a financial sense but that dollar benefit no longer exists and in time little foreign money will be left in this country. How about international central bank gold deposits now held at the NY Fed? Yes, if the US government decided that any government storing gold there was offensive, it could simply take it. Now there is a warning to France and Germany. For many reasons, the sun has set on the US dollar with this being the key one. Last February, the Transportation Security Agency announced that all US citizens who fly would be assigned a green, yellow or red travel code under a new system known as CAAPS II - 'Computer Assisted Passenger Screening.' A green code means you fly like normal. A yellow code means you would be subject to searches and interrogation by police before you would be allowed to fly. A red code means you can't fly and may be arrested if you try. Judging by the way I am groped every single time I fly, green I am not and nobody calls me yellow! The system will eventually be expanded to every form of public transportation including ships, trains and buses. It will probably be expanded to issuing driver's licenses and even opening bank accounts. The Patriot Act creates the new crime of 'bulk cash smuggling.' If you now leave or enter the US without declaring that you have more than $10,000 in cash or currency instruments, you can be stripped of your money - without any proof you have committed a crime. You can also be sentenced to five years in prison. Under the Patriot Act (passed in October 2001), if you are accused of any activities that 'violate Federal or State law' and which 'endanger human life' (participating in a demonstration where someone is injured?) you can be classified as a 'suspected terrorist' or 'enemy combatant' and imprisoned indefinitely without trial. At least 2,000 people have already been detained under this law, and hundreds are still imprisoned without charges - including at least two dozen US citizens. Again I can understand a short term emergency need but the problem is this law is here to stay and it will grow and grow unless new leadership with a new mindset comes on the scene. Will it happen? jsmineset.com

To: patron_anejo_por_favor who wrote (264505)	10/23/2003 7:32:52 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

I'm so farking shell-shocked from hiding out this whole past year that I'm not sure what I should be shorting here. I've got plenty of semi equip and manufacturer shorts, some software, and some junk like ASKJ that I'm building into. But I'm reluctant to get back into homies. That is the one lever that keeps getting pulled to jack up the e-con-o-me. I'm thinking of going after a few retailers again, plus the autos and basically overpriced Dow stocks. It's been so long, I don't know if I remember how to sell short... BC