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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (6122)	1/25/2004 2:56:11 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

foresight is an assets - Clinton supported the "Strong USD" policy to cover up substantial inflation and finance US debt - now we reap the results. The strong USD policy was ill conceived. Clinton with the help of Rubin who is a great timing expert were able to prop the USD just at the right time again and again with their statements. The idiots in Europe who introduced the EUR with a limit to the amount of old currency which can be converted into new EUR only assisted to the EUR depreciation of over 33%. IMHO newer in modern times a group of so many unqualified people were in charge of monetary policy governing over 300 million people. The EUR should have not depreciated over 33% since his launch if qualified people were in charge of EZ monetary policy. Europe had the best opportunity to enter a substantial prosperous period with the fall of the Communist in Eastern Europe and Russia but they stumbled very very badly.... because their "leadership" are nothing more than inapt people who were elected into office not exactly by democratic ways.(Best example to the inapt leadership is the failure to integrate East Germany which to date is in economic troubles) Schwarzeneger would not seen the light of day in politics in his homeland for same reason. anti-Semitism prevails in Europe also for the same reasons. IMHO Rumsfeld was to kind calling certain countries in Europe the "OLD EUROPE" there are much more worst names they deserves to be called. "Old Europe" is dragging down other countries with potential of economic prosperity