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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (65655)	6/29/2005 7:27:46 AM
From: shades	Read Replies (2) \| Respond to of 74559

Krugman was one of bhagwatis favorite FREE TRADE students - if he is writing propaganda pieces now to side with sacrificing the dollar and not allowing the slants to buy oil with clownbucks - kiss it goodbye no? How can china continue to expect it to be a world reserve currency if it only buys certain things - but what to do what to do - they cant say it is clownbucks - they have worked so hard to accumulate them to buy stuff. What was it snow said - our deficit - YOUR PROBLEM - hehe. China needs some more nukes - then bush might care - but that they have lots of green pieces of paper with benjamin grinning at them just makes him laugh texas style. I just can't see the new guy coming in next year to replace greenie doing anything other than sacrificing the dollar. We started over from the worthless continental - we can just begin again. What was it mr. Mosler.org says on soft currency economics? mosler.org Note that the term 'national savings' includes the govt sector. Therefore an increase in the govt deficit is a drop in 'national savings' as defined. This would be relevant if the govt. were 'losing' something when it spent as it did under a gold standard or fixed exchange rate, but said 'govt. dissaving' has no relevance with floating fx, where operationally govt spending is not constrained by revenues. Note also that 'national savings' as defined above by Bernanke is equal to the trade gap. Under a gold standard, that made perfect sense, as the gold was the national savings. Of course this is no longer applicable, and he ought to know better, but obviously doesn't. Also, in my opinion it's worse than that. Knowing that the term National Savings as defined = the trade gap, why not just say trade gap instead of saying national savings? I'll leave it at that! Remember the history Lesson the GENERAL just gave us. Back in 71 the French called on US gold, and USD - gold link was defaulted on and USD crashed I think that is what warren is counting on - suckers will try to cash in the clownbucks and the people that go long XLE and short the dollar may make some more clownbucks - HAHA - why all the new dollar bear funds all of a sudden? HMMM. seattletimes.nwsource.com Hasenstab and co-manager Alex Calvo have more than a rising dollar to contend with. Their fund also faces competition from a batch of new rivals. ProFund Advisors, Rydex Investments, Merk Investments and Potomac Funds are lining up to offer six new U.S. currency funds, four of which are designed to go up when the dollar goes down. Time to hit the reset key - I wonder how many books like A CHRISTMAS CAROL will be written by new authors making fun of thier native currency being turned into worthless clownbucks - hehe. Ahh what do I kknow - I am half drunk right now getting started for the weekend - CHEERS and BOYYAHH!

To: elmatador who wrote (65655)	6/29/2005 4:48:05 PM
From: Maurice Winn	Respond to of 74559

Meanwhile, Hooray for our estimable idol, Uncle Al KBE. biz.yahoo.com ElM, the $400 billion isn't used wisely. I have never seen a government department do better than waste 3/4 of the money they receive and in many instances, they actively do destructive things with the money, such as funding child cruelty and murder through absurd social welfare programmes. But I quite like having aircraft carriers, fighter aircraft, ICBMs, cruise missiles, submaries and satellites armed to the teeth and able to sail around Taiwan and Japan and South Korea and make Hu Jintao, Yiwu the Mad, and Bubba the Bigot think twice about ruling the world. Not to mention able to zip into Afghanistan and slamscraggle a swarm of murderous jihadists. Remember how Afghanistan was the doom of the colonists 150 years ago? Well, not so much these days. Agriculture subsidies are also destroying capital in a vote-buying MADness. Mqurice