To: XBob
There is another major problem - Bush and the rest of our government politicians and economists haven't figured out that this is a problem, yet, and they are continuing to exascrbate it with their idiotic policies of of out of touch economists. Actually, our political class has figured out that there is a problem. The key manifestation of the problem is the large and rising trade imbalance. The folks in charge have decided that the problem is monetary in nature and so, naturally, we will have a monetary solution.
The Fed is printing money and we are now in a currency war with much of the world, especially the Asian countries. The dollar will be devalued to solve the problem. Greenspan thinks that this will all happen benignly; I think that he's wrong.
To: Colorado Buckeye
ah, the bars have closed, and the rats have arrived (not you, the others ToddsNoPatriot and TexasBoring)
Yes, your point about devaluation is well taken:
"The Fed is printing money and we are now in a currency war with much of the world, especially the Asian countries. The dollar will be devalued to solve the problem. Greenspan thinks that this will all happen benignly; I think that he's wrong."
It's already happening. The overseas markets for metals and certain other commodities began a dramatic change late last summer - in August/September time frame and the dollar is plunging while prices have increased by about 40% already.
It's been going on for sometime now, and is just really starting to get rolling as the industrial production chart I just posted shows - a leveling off since about 1998 now.
145 posted on
04/13/2004 1:05:24 AM PDT by
XBob
To: Colorado Buckeye
The dollar will be devalued to solve the problemExcept in the case of PRChina, which locks the yuan at 80% of USD.
You also note that the Arabs figured it out and are jacking the price of oil to compensate (through production cuts.)
195 posted on
04/13/2004 7:14:32 AM PDT by
ninenot
(Minister of Membership, TomasTorquemadaGentlemen'sClub)
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