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

To: philv who wrote (23330)	7/14/2005 6:03:50 PM
From: sea_urchin	Respond to of 81134

Phil > the US has access to capital like no other nation on earth I understand that and I agree. Furthermore, the USD is not only the world's reserve currency but all oil imports are denominated in dollars. So, whatever the US prints goes round the world. Thus inflation in the US means inflation everywhere and, likewise, deflation. Clearly, Greenspan & Co have chosen inflation as evidenced by the property bubbles everywhere. > their system of money creation is what in my opinion has been the mainly responsible for their standard of living The rapid increase in debt creation is a phenomenon noticed only since 1972 when the US came off the gold standard. Prior to that the US was the industrial powerhouse of the world and had a surplus of capital as result of its positive balance of payments. > High living through debt, debt which will never be paid off, but should that ever come into question, payment can be made at grossly debased currency. That's the Argentina scenario and, indeed, unless the US can find sources of income to make its balance of payments positive again, is very likely. As I understand it, this means the US would have to export industrial or consumer goods in competition with the Asian nations and which, because of the low labour costs in Asian countries, is hardly conceivable. That is why I believe the US wants to corner the world oil supply, even by theft, because that is one of the few available ways a balance can be achieved. > Creative loose financing at below inflation rates is another good trick available to US citizens and corporations Do you mean Enron-style? > If they get too uppity, he might have to blast 'em. One can easily understand the American predicament and, indeed, the US is not the first nation in the history of the world which has considered war as a means to secure its place in the hegemony of nations. But history has also shown that war will not succeed in doing this, in fact, it brings the decline/demise of the warlike nation far more rapidly than would otherwise be the case. Another method of attempting to secure a competitive advantage is a trade war brought about by tariffs and subsidies. In the present circumstances, that is also likely and, similar to the physical form of war, will also redound against the nation which attempts it. Talking about war, I note the "liberal-my-ass" Democrat hypocrites, Hillary and Joe, are pushing for a larger US military, presumably for the Syrian and/or Iranian campaigns. There's no doubt that the Israeli paranoia (madness) has taken hold of the American outlook on the world. thehill.com

To: philv who wrote (23330)	7/14/2005 8:07:35 PM
From: sea_urchin	Respond to of 81134

Phil > Creative loose financing at below inflation rates is another good trick available to US citizens and corporations. (2) theaustralian.news.com.au >>....Judge Jones set the bar at 25 years and said 85 per cent of the time must be served. Ebbers had maintained his innocence. At his trial, he argued he was completely unaware of the fraud - simply did not look at key WorldCom financial documents that showed glaring accounting irregularities. The jury did not buy it. At his peak in 1999, Ebbers was worth $US1.4 billion and was rated by Forbes magazine as the world's 376th richest man. At one point then-president Bill Clinton visited WorldCom's offices, saying: "I came here today because you are the symbol of 21st century America. You are the embodiment of what I want for the future." << It's ironic but Clinton did not realize how prophetic he was. Ebbers is, indeed, still the symbol of 21st Century America -- except for the fact he got caught.