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To: LTK007 who wrote (746)	10/22/2005 7:58:26 PM
From: LTK007	Read Replies (1) \| Respond to of 3906

First, no need to respond. But in response to your post to Laird i agree IN PART, and that is the yankee dollar will remain a gold standard if it does not become a victim of robust inflation, IOWs, the Fed must raise rates whenever inflation becomes a threat. I don't know how true the belief i have heard spoken from others and that being inflation has in history past broken from "a sneaky slow trot" to a full gallop. If ever inflation in the U.S. started to gallop i feel the dollar collapses as a "gold standard" and the "gold bugs" will have their day. CrossCurrents believes that if U.S. goes to 4.25% a recession is a 100% guarantee but go on to say that they do not think the Fed will pause now and will very likely shoot to 4.25% or more. I counter to those giving the distress call over the Fed continuing to raise that the Fed has made their bed and now must sleep in it. They have created a nation that's function depends on foreign dollars inflowing and thus a surge in inflation compounded with our national deficit would cause a foreign money net outflow and a resultant fiscal nightmare. Greenspan has, yes, in part, over the years been a "Wizard" but in doing his mirrors and fog games has , imho, has left the nation between a rock and a hard place and i concur with Laird ONLY a quite serious sell-off in the market can create the political pressure to make them stop raising---all just yakety-yak.:) GD.