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

To: Jamey who wrote (21083)	6/5/2004 10:09:54 AM
From: sea_urchin	Respond to of 80956

James > I don't think anybody knows exactly what is going to happen economy or market wise No doubt about that, in fact, there's no agreement about anything. One can listen all day to CNBC to hear "experts" telling us how great the US economy is and, as we know, others are telling us it's awful. I guess each individual sees the world as it affects them. South Africa, for example, for the past 2 1/2 years has probably had the strongest currency in the world -- and one of the lowest growth rates (2%). Further, SA has a 50% unemployment rate and probably the highest incidence of AIDS and crime in the world. So, for many SAns, the biggest mystery is who is buying the currency? And don't think there isn't also a property bubble here, too. Makes no sense at all. > I can promise that if the current administration is reelected for another four years we are in for a gloom and doom scenario that most cannot even begin to contemplate Be ready for it. My reading in the crystal ball is that Kerry is not so popular and, as you say, what could he do about the mess anyway? Other than make it bigger?!

To: Jamey who wrote (21083)	6/5/2004 11:55:01 AM
From: sea_urchin	Read Replies (3) \| Respond to of 80956

James > we are in for a gloom and doom scenario that most cannot even begin to contemplate. The opinion of Rep. Ron Paul: antiwar.com >>The invisible economic costs are enormous but generally ignored. A policy of militarism and constant war has huge dollar costs, which contribute to the huge deficits, higher interest rates, inflation, and economic dislocations. War cannot raise the standard of living for the average American. Participants in the military-industrial complex do benefit, however. Now the grand scheme of physically rebuilding Iraq using American corporations may well prove profitable to the select few with political connections. The clear failure of the policy of foreign interventionism followed by our leaders for more than a hundred years should prompt a reassessment of our philosophy. Tactical changes, or relying more on the U.N., will not solve these problems. Either way the burden will fall on the American taxpayer and the American soldier. The day is fast approaching when we no longer will be able to afford this burden. For now foreign governments are willing to loan us the money needed to finance our current account deficit, and indirectly the cost of our worldwide military operations. It may seem possible for the moment because we have been afforded the historically unique privilege of printing the world's reserve currency. Foreigners have been only too willing to take our depreciating dollars for their goods. Economic law eventually will limit our ability to live off others by credit creation. Eventually trust in the dollar will be diminished, if not destroyed. Those who hold these trillion plus dollars can hold us hostage if it's ever in their interest. It may be that economic law and hostility toward the United States will combine to precipitate an emotionally charged rejection of the dollar.<< Dark days ahead.