SilverCrest Mines Inc SVLC

Much cheaper dollar.

[nagyonokos4]

Dollar myth. by: glaciernine 05/05/05 10:35 am Msg: 535164 of 535171 Does the dollar 'strengthen' when, as Warren Buffett pointed out to Lou Dobbs last night, after 29 consecutive years of trade deficits we now are at 6% of GDP (& 3,6% on budget deficit). With a current $618 billion trade deficit, THEY (foreigners) are buying our assets (the T-bonds that we create out of air) to the tune of $2 BILLION/DAY to keep the tontine rolling. What if they stop buying? (Note much smaller foreign percentage in last T-bond auction) What if China gives in to Congress's threats of a 27 1/2% tax on Chinese imports and revalues or floats the Yuan? Ain't gonna be a strong dollar. Even as y'all don't fight the market, you don't fight Govt. policy & the latter wants a much cheaper dollar!