Radioman390 wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

Does anybody have a link to the article in the UK Guardian that prompted
the Sierra Times article? The Sierra Times looks like it has an agenda-a
typical far right wing survivalist agenda-and I'd like to see where this
article came from originally.

The trade talks in Cancun were all about poor nations wanting rich
nations to end their heavy agricultural subsidies so poor farmers would
have an easier time competing against Western agribusiness. Both sides
refused to budge, so the talks ended. I don't see how that translates
into a drastic dollar drop "any day now".

All currencies are confidence based, and have been ever since the gold
standard was scrapped in 1971.

Daviesl2003 wrote:

INTERNATIONAL MONETARY FUND ISSUES WARNING: U.S. DOLLAR COULD COLLAPSE AT ANY
MOMENT!
HORRIBLE TRADE DEFICIT IS A "NOOSE AROUND THE NECK OF THE U.S."
Warns the "once mighty dollar" is now unstable and our paper currency "could
collapse at any moment."

Now, even the IMF agrees with me. I have been telling you this for MONTHS! If
you doubted me, think again. Now take my advice: Take some money out of your
bank accounts, IRA's, 401(k)'s, and other accounts and use it to buy small
denominations of gold and silver. Take possession of that gold and silver and
keep it in a safe place -- NOT IN A BANK SAFE DEPOSIT BOX.

When the paper currency collapses, banks will close and if your gold and silver
is in their vault, you will NOT be able to get it.

Begin storing-up on dry foods: Dry cereal, dry rice, oatmeal. Sore up on honey,
flour, sugar and canned goods. Get yourself a gravity-fed water filter. Store
up on guns and ammunition, because when things go south, the violent minorities
will attack and steal everything they can. It's _REALLY_ going to happen folks.
It happened in 1929, but what is coming now will be ten times worse than "the
great depression."
Click Here



Lloyd Davies - Time Lord and Talk show host
"On the Domestic Front"
http://nitepirate66.tripod.com/domesticfront/index.htm

Of course, if LLoyd was ever attacked by a horde of hungry blacks
carrying AK47s, he'd **** his pants and run and hide. I'm willing to bet
that most of the rest of those SW weekend warriors would do the same.

WARNING: U.S. DOLLAR COULD COLLAPSE AT ANY
MOMENT!
Hysterical BS Snipped

( Long article at URL below )

http://www.taipeitimes.com/News/edit.../23/2003068933

The impossible strength of the weak US dollar

. . .

"So why, in the absence of solvency fears, do capital inflows to America
continue?


Investors outside the US can see the magnitude of the trade deficit, calculate
the

likely decline in the dollar required to eliminate it and recognize that the
interest

rate and equity return differentials from investing in the US are insufficient
to compensate

for the risk

that next month will be

when capital inflows into America start to fall.

The fact that so much of the risk from a decline in the dollar falls on those
investing

in America means that the capital inflow has already gone on much longer than
any

fundamentals-watching economist -- including me -- would have believed
possible.

What stories are investors far from America now telling one another to justify
continuing

to add to their exposure to the risk of dollar depreciation? We know that
sooner or later

they will stop believing these stories, and we know what will happen when they
do.


But no economist can say when is "when."
"

Of course, if LLoyd was ever attacked by a horde of hungry blacks
carrying AK47s, he'd **** his pants and run and hide. I'm willing to bet
that most of the rest of those SW weekend warriors would do the same.

- Anyone remotly hungry, possessing an AK47,
- Would immediatly selll it to a Gun Nut
& use the money to Buy Pizza,
Tipping Lloyd hansomly for the delivery..

- So what's wrong with exporting Rap Music?



In article ,
"Frank Dresser" writes:


mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we even
have a food balance of trade. We buy alot of expensive imported wine and
cheese and winter grapes and such. So what do we export?

Action movies, military hardware, rap music, government bonds, Microsoft
Windows?

Frank Dresser

,
(Chandler7600) writes:

WARNING: U.S. DOLLAR COULD COLLAPSE AT ANY
MOMENT!

- So:
we have this African American Attorneys Association of Athens Alabama,
listening to Hal Turner;
Buying ( BUYING !!) treasury futures and shorting The Euro,
watching their portfolios appreciate
- While applauding htemselves for their savvy investing skiils,
they decide some refreshment is appropriate
Pizza

' Lets call up Papa Johns and have the fat Nazi deilver it !"
- "Naw, I feel like ribs.."
"Chinese.."
" Theres a good Fusion place that deivers ..."
- Arent they closed ?
" With what we made today, I'll have them open it back up! "
"Yeah ! ! "

They sit back, enjoying Port and Cigars..

Life is good..

On Tue, 23 Sep 2003 16:35:57 -0500, tommyknocker wrote
(in message ):

Radioman390 wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

Does anybody have a link to the article in the UK Guardian that prompted
the Sierra Times article? The Sierra Times looks like it has an agenda-a
typical far right wing survivalist agenda-and I'd like to see where this
article came from originally.

The trade talks in Cancun were all about poor nations wanting rich
nations to end their heavy agricultural subsidies so poor farmers would
have an easier time competing against Western agribusiness. Both sides
refused to budge, so the talks ended. I don't see how that translates
into a drastic dollar drop "any day now".

All currencies are confidence based, and have been ever since the gold
standard was scrapped in 1971.


You're correct and wrong grin.

It was really 1933.

And then it was 1946 (Bretton Woods).

And then it was really - as you stated - 1971 (end of Bretton Woods).

I'd argue that $35 an ounce was "not really" a gold standard.

dontchaknow.

Gray

"Diverd4777" wrote in message
...

- So what's wrong with exporting Rap Music?



Nothing. To bad we can't get more for it.

It's too bad our most successful recent export, the swen worm, wasn't
copyrighted. Thanks to Mickey Mouse, this could have been quite a goldmine.
And I'm sure Congress will be pushing the copyright expiration limit out
indefinitely, or at least until Walt Disney is thawed out and re-animated.

Frank Dresser

"Frank Dresser" wrote in message
...

"mike" wrote in message
...

This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.

The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.

mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we
have a negative food balance of trade. We buy alot of expensive imported
wine and cheese and winter grapes and such. So what do we export?

Our major food exports are grains and processed food products. Our imports
are mostly winter vegetables and fruits and rice, as well as specialty items
like cheeses, truffles, etc.

"Barry OGrady" wrote in message
...

What do you mean by alot? Do you mean not a lot the way atheist means not
a theist?


-Barry
========

D00d, it'z kewl net rulz!!!!!

Frank (not a narcist) Dresser