In article , Andy Hall
writes
On Tue, 06 Jan 2004 11:08:52 +0000, The Natural Philosopher
wrote:

Andy Hall wrote:

On Tue, 6 Jan 2004 09:33:10 -0000, "IMM" wrote:


"Andrew" wrote in message
...


Problem is - no-one knows, and conveniently, both France and Germany,
where inflation has shot up because of the euro, and whose economies are
on the rocks, also 'cos of the euro have between them decided that the
stability pact and the inevitable fines do not after all apply to them.
I wonder If they will let us off so lightly in the unlikely event that
that Tone manages to dupe enough people to vote for it.

Anyone with half a brain can see we have to go into the euro eventually.



Why not just go straight for the dollar and cut out the middle
step.......




Not true Andy. Dollar is in for a turbulent time.

It was somewhat tongue in cheek.


Just got an e-mail frm (very rich) friend of mine in California "we are
trying to make sure Bush never gets re-elected, if he does we are off to
Canada"

I know a number of people in California with the same view. Is your
friend a Democrat as a matter of interest?


Clinton left a whole pile of **** by way of an overblown boom, and GW
and teh boys are tryng desperately to not let it all go bust, BUT a lot
of dirt (Enron, Worldcom et al, plus huge borrowings for the war, plus
tax cuts etc) has been swepot under the carpet: If someone were to
actually go down now, and the whole crony ridden frauduklent nature of
what half of wall street has been up to for the last ten years coudl not
be kept secret anymore, the whle thing COULD come down like a pack of cards.

Mmmm I do know what you mean. There has been more than a little nest
feathering going on, and the line of legality a little blurred.

Certainly the whole issue of corporate governance has ridden high on
the agenda.





Then the money flow out of the dollar into the euro - and the pound -
would be stupendous.

Its perhaps not a foregone conclsuion, but it's more than a slender
possibility.

Ter are signs that its happening in a slow controlled way anyway.


Depending on where you sit, having a weaker dollar is arguably
beneficial.

It's inevitable if you look at the amount of debt US inc. (corporate +
personal) has run up. However, as long as OIL is priced in dollars and
Japan and China keep on buying dollars, the USD is going to remain the
worlds anchor currency. In 50 years time when Oil runs out, things will
be different. Personally I'm looking 5 years ahead and my prediction
is a period of Democrat benign neglect of the dollar following on from
GWH's huge tax handout experiment = another period of rampant world-wide
inflation. I hope I am wrong but its all looking suspiciously like the
period from the late 60's through into the 70's again. Even the 'low
interest golden scenarios' are coming out again.





---


.andy

To email, substitute .nospam with .gl



.andy

To email, substitute .nospam with .gl

--
Andrew