To: Gemlaoshi who wrote (19271 ) 10/2/2004 5:03:49 PM From: Jim Willie CB Read Replies (1) | Respond to of 110194 US Economy is devolving into a hedge fund and will suffer tremendous decline, damage, poverty markets are not value driven or profit driven they are liquidity driven biotech and nanotech show promise but they are a drop in the bucket biotech lost its momentum 2-3 years ago big pharma will adopt them all, as their neo-R&D divisions fuelcell and electricity tech are the future it will be taken 90% by Japan USA will soon have zero car production even if our components are successful here or there in the next two years come the $10k Chinese sedans built by state-of-the-art Japanese equipment which will deliver the death blow to the US car makers RIP Asian outsourcing is accelerating, and will continue until we get a trade war and close our borders we will repeat the errors leading to World War II we are fast resembling the Weimar Republic I can identify 10 parallels rampant inflation in USA over 3 decades has its consequences death of the economy speculation and inflation in bonds is the final chapter as simple as that the lynchpin for the next round of US destruction is Chinese currency upward revaluation it will unleash huge tidal wave of higher prices and higher interest rates USA will not get the benefit of higher paying jobs though since rising prices will be matched by rising costs such is the downside of the Vicious Circle of the US$ Decline we have become too dependent on foreign everything e.g. energy, materials, credit supply, mfg, now service I see nothing but bankruptcy, poverty, debt, war in the future the good thing is that the future includes women & sportsas our leaders speak moronically about freedom, the USA will lose its freedom / jim