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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (2673)10/29/2003 9:13:26 PM
From: Jim Willie CB  Respond to of 108556
 
this is precisely the bind I described 18 months ago
I know I annoyed a lot of people with my ad nauseum warnings
now we are deep into it

I regard every one of those problems you described as UNSOLVABLE
that is right, no possible solution in today's environment
solutions go counter to every possible political force

all efforts will be put to bear on CONTINUATION of the unsustainable
until it all breaks
I regard the USGovt as having totally lost control already

the Fed rate decision this week indicates they will allow the USDollar to be killed at the FOREX massacre
all mechanisms are absent to stem the decline
Asians will eventually abandon their crippled customers -- us
and allow their bond holdings to be drawn down
I expect some private deals before long, strange ones
e.g. $100B in USTBonds in exchange for Taiwan

/ jim