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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (29517)	3/7/1999 8:14:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Paul, Have you ever thought about how powerful this country would be were we to have the non-inflated currency you seem to be complaining about? Can you imagine having a dollar stronger than what it is right now?? Already we're soaking up a huge amount of foreign production and goods so we don't see the free trade system that we've spent 50 years creating (since Bretton Woods) destroyed. Look at these economies with the currencies you are discussing. Which economies have grown larger? Who is shipping more goods to whom? Now also start looking at the costs this country has had to bear at the expense of so much politico-military free-loading by its "allies". Sure the Europeans wanted NATO to protect them from the Soviets, but who fronted the major costs of that organization? And who had the gall to charge the US military hundreds of millions of dollars for "maneuver damage" created by vehicles deployed solely so that that country wouldn't have to worry about being invaded? I'm really kinda sick of hearing people griping about the US this, the US that. We have accumulated a TREMENDOUS debt in maintaining relative peace and prosperity on this planet despite some nations and ideologies bent upon imposing centralized planning and state control upon their neighbors. Much of that deficit was accrued during the '80's when we essentially outspent the Soviets to such an extent militarily and technologically, that they collapsed as a result of trying to keep up. And the relative prosperity we have enjoyed ever since the fall of the SU has translated into a tremendous peace dividend. Sure we don't have a true "surplus" in Social Security. But what we do have is less debt being created and sold to foreign sources and more of it being purchased by the Social Security Trust fund. Should we put that money in the S&P instead? Btw, the yen appreciated because the Japanese have deflated their economy and are in a liquidity trap. Now they have no choice but to inflate and see the yen lose value to the Dollar. Remember that behind every statistic is a cause. Just because you can quote how the yen has gained against the dollar, you have to ask at what cost was that achieved. Seems to me that Japan is the economy hovering on depression, not the US. Regards, Ron