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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: AK2004 who wrote (522373)	1/11/2004 6:48:26 AM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 769670

WMD FOUND cnn.com. GZ

To: AK2004 who wrote (522373)	1/11/2004 8:36:19 AM
From: steve harris	Read Replies (1) \| Respond to of 769670

Albert, It's much colder here than it was six months ago. I can't believe Bush let it happen! Btw, doesn't George Soros selling the dollar depress it? Sounds like a plan to me. :) Steve

To: AK2004 who wrote (522373)	1/11/2004 10:02:54 AM
From: Rarebird	Read Replies (1) \| Respond to of 769670

<tell us more why is that that french economy is in free-fall while US is recovering. French, obviously, had not realized it yet that they are so much reacher, in the international terms, of course> I'll put it in Clinton's terms for you: "It's the Money, Stupid." If you don't know what that means, I'll be happy to elaborate further in another post. For now, let me just tell you that a currency fall which happens over time is much worse than a sudden steep tariff. Since everything - stocks, bonds, land, buildings, consumer goods, machines etc. etc. - is valued inside the nation in terms of that currency, as seen from the perspective of the outside world, everything has become cheaper. From inside the nation that has suffered from the currency fall, it is the opposite. Any owner of such things as shares, land, buildings etc. discovers it after they have sold, received their own currency in return, and then tried to buy something with it OUTSIDE their own nation. Suddenly the luxury duplex on the east coast of the US which sold for $US 1 million can no longer buy the fine vacation apartment in Nice, France, which still stands valued at nearly the same Euro 1 million that it did two years ago. Now it takes more than $US 1 million to get that same apartment. Neither the US nor the French economic goods which are the apartments have changed over those two years. That is but one concrete economic example of what happens when a nation's money falls in international value. The economic sum of such examples can be spread right across the US from the east coast to California.