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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (34156)	8/5/2004 8:04:53 AM
From: sammaster	Respond to of 206325

i agree... but it looks like america is making money in the business of "making money" either from financial fees from the big houses for being the financial center of the world... or literally by printing devaluating money and trading for hard goods from china, or even oil from middle east... this can only last as long as other countries depend on us for their exports, hopefully by then we have paid off our devaluated debt with depreciated money and found something we can trade back. either that or curb americans thirst for "nonessential" goods and thus reduce imports to equal exports

To: Webster Groves who wrote (34156)	8/5/2004 3:28:52 PM
From: Taikun	Read Replies (1) \| Respond to of 206325

OT/ <Either we sell something to foreign markets> I write this tongue in cheek, but we sell them the war on terror. (Despite the fact that it may be misguided and inefficient).Yep, thats one of the things Japan thinks it gets when it purchases US T-bills. Funny thing is that an inefficient war on terror will make energy costs more expensive for a place like Japan. (ie a prolonged stay in say Iraq will keep the military machine's energy requirement up at a high level for longer than if peace had been reached more swiftly). Another possibly inefficient and misguided product/service we provide is a reserve currency. But these are all topics for another thread...