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corporate dominance | legacies

The Altered State of the Union

Markets do not usually reward the crowd; they punish it..
The biggest trade deficits ever... Keep Europe's discount airlines in your prayers.. and more!
for Bill Bonner'a article, click on
 http://news.goldseek.com/DailyReckoning/1137178740.php

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EU constitution vote 25.Jan.2006 18:57

the beancounter

The dollar was about to fall a year ago, but when the EI constitution was rejected, the problems of Europe clouded the picture -- the Euro dropped. There was no comparable place to go, for the great pools of global capital, but the old U.S. Dollar.

That was then. This is now.

A Complement 25.Jan.2006 20:38

monetary thing

The strength of the dollar probably owes more to the strength of "We, the People", than to the political establishment of the corporate UNITED STATES.

That's more of a complement to "we, the people" rather than the political establishment. We have managed to stay somewhat affloat - despite the political establishment. How much longer can we manage to do so?

corporate cookie jar raiders 25.Jan.2006 22:15

Cooter Brown

> The strength of the dollar probably owes more to the strength of "We, the People",
> than to the political establishment of the corporate UNITED STATES.

I completely agree. The strength of our union is the leverage American -and now global- capitalism requires to extend itself.

Actually you should thank the Japanese 26.Jan.2006 02:46

Free human being

To set the record straight, when the dollar was about to drop rock bottom, and the Euro was skyrocketing, Bush made a deal with the Japanese who tweaked the Yen, to stabilize the dollar. So, really, the entire scenario is fake, man made and it means nothing more than a delay. It will crash just like Enron did.

As for, "we the people", I really don't think that is the major factor in what appears to hold the economy together. It is more like an Arthur Anderson situation. Have you heard the latest comment from the Secretary of Treasury? Are you aware the US has its highest debt in its history? Do you know that in the next month or so its borrowing power is ending and Congress needs to raise the debt (which "we the people" will be paying for the rest of our natural lives). It is near $8 TRILLION now. That is right. Can you believe it? Most of the country is still sleeping, and even half of the awaken, are awake for all the wrong reasons.

Anyway, not to be pessimistic, but tooting your horn ain't going to change much.
peace-