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

To: philv who wrote (19639)	11/19/2003 6:41:02 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81177

Phil > The U.S. is now in a period of a falling standard of living. Trouble is, most people aren't aware of this. I had hoped, for the Americans' sake, that the USD would not fall far because if it does the Americans will be caught in a double whammy of rising inflation in the country and diminished buying power for imports. In turn, the inflation and low interest rates will create a vicious cycle leading to further weakening of the USD. If interest rates rise, the economy will be damped, the people squeezed, and, paradoxically, this may also impact adversely on the USD. > The USD is in a free fall, and in comparison the Euro is smoking. Yes, I hear talk of 1.22 or 1.25 to the dollar in quick time but then, as you know, "they" are "experts" about everything. I'm sure General James You-know-who doesn't sleep at night with all the excitement. > Large players outside the U.S. are undoubtedly acutely aware, and must be concerned about the value of their U.S. assets. Indeed, and now that the USD is falling and, with it, reduced US buying power, foreign imports by the US, particularly European and Japanese, will be falling pari passu with the value of the foreigners' investments (in their own currencies, of course). And, that won't be nice for them either. Here's an interesting piece about the biggest retailer in the US --- Wal-Mart. In fact, I should say "terrifying" rather than "interesting" but I will let you read it for yourself and make up your own mind. larouchepub.com