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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7526)	8/29/2004 10:52:03 AM
From: Seeker of Truth	Respond to of 11633

Can you picture Russia, such a backward country, with shortages of everything except oil, having a positive balance of payments? Laking entrepreneurs as they are, it'll be a long time before the ruble becomes hard. As for the middle east, the sheiks have multiple wives and many children, all of whom have claim to riches and purchasing power; bottom line Saudis haven't been important holders of US bonds. Aside from the princes, there is an enormous parasite class of people who have never studied anything. Great masses of workers at all levels of education are imported and send out masses of hard currency back home. etc. Bottom line, I'm thinking that oil will puncture the US dollar bubble. It's not such an obvious bubble if you compare the US dollar with other currencies or even with gold, only with oil is the truth leaking out.