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


To: Chas. who wrote (30781)10/30/2003 10:34:52 AM
From: Jim Willie CB  Respond to of 89467
 
speculative investment led to high USDollar
50% cut in USDollar and 10 yrs of revived mfg plants should get exports up
strong recession and interest higher rates to cut spending
trade deficit would come down with above
more jobs from lower US$, better education, lower pay scales, tame health costs, thousands of additional corporate bankruptcy restructurings
financial security will remain in decline for 10 yrs
end Fed monetary inflation destructive policy in serial fashion
another 1-3 years is all that is left until Asians pull plug on us
creative destruction might require a strong recession, if not depression, to rectify 30 yrs of extremely fuched up leadership and policy making

/ jim