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


To: sea_urchin who wrote (19716)12/1/2003 9:55:22 PM
From: philv  Read Replies (1) | Respond to of 81108
 
On the bullshit economic front, I ran across this on another thread. This from Stratfor Intelligence.

excerpt. " Moreover, the weak dollar and the budget and current account deficits are not signs of a vulnerable economy. Rather, they confirm robust economic health. A weak dollar means the United States can export more to the European Union and elsewhere. The current account deficit reflects that the U.S. economy is stronger and consumes more per capita than any other economy in the world.

In effect, the U.S. trade deficit shows the country is much wealthier than its trading partners and can afford to import more goods. This statement might inflame some Stratfor readers who will point to such matters as EU protectionism or China's exchange rate policy as other causal factors of the trade deficit. It's true, however."

Oh yeah. Black is white. Debt is good. More debt is better. The more debt you have, the greater you are! Debt is a sign of greatness, because a poor nation would not be allowed any debt. So, pile it on and show the world!!! America is the greatest!!

Wow, thinking like that makes me want to buy more gold.