To: shanec
With the massive deficits bush has in our balance of trade and in our federal budget deficit, the dollar is headed much lower. Gold is what you want to have , not dollars, until we can bring back surpluses into our federal budget and our balance of trade. Simple economics.
To: waterstraat
until we can bring back surpluses into our federal budget and our balance of trade.Thi is highly unlikely to happen without severe changes to our way of life. Changes so severe that it could result in something akin to civil war to some degree.
4 posted on
01/18/2004 9:22:10 AM PST by
templar
To: waterstraat
5 posted on
01/18/2004 9:23:10 AM PST by
Truth666
To: waterstraat
What is the best way to buy gold?
7 posted on
01/18/2004 9:24:10 AM PST by
bulldogs
To: waterstraat
I think it's time to realize that deficits and balance of trade have absolutely no affect on the value of the dollar. This have never been proven or even remotely proven.
Mahathir is right on the money, although if I were him I would be advocating a return to the gold standard where the dollar does not change in value, instead of just putting a bandaid on the problem.
12 posted on
01/18/2004 9:33:05 AM PST by
Norse
To: waterstraat
dOn the other hand we could, if we wanted to, enable innovation in the oil business, starting with cheaper cleaner fuel that got better mileage and then moving on to cheaper, more productive, cleaner refining and into cheaper, cleaner production of that which now leave in the ground, and do so swiftly, letting the Saudis, the Iranians and the Russians know that we're doing it and solve most of these problems with the same solution. Stay tuned.
79 posted on
01/20/2004 10:24:58 PM PST by
AmericanVictory
(Should we be more like them, or they like us?)
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