Subject: Re: Where will you be when the bubble bursts?
Date: Fri, 10 Dec 2004 08:11:23 -0600
From: "John A. Weeks III" 
Newsgroups: misc.invest.real-estate

In article <41b95ec3.32581309@shawnews>,  wrote:

> http://www.tompaine.com/articles/quo_vadis_playing_for_keeps.php
> Given our severe account imbalances, this second-term agenda of the
> Bush administration will signal to our global creditors that we are
> not serious about our debts. That will make dollar-denominated
> securities worthless and the dollar will cease to be the global
> currency, as America will no longer be the mass market of last resort.
> At some point, OPEC will have to switch to a new currency-probably
> Euros-and the price of oil for Americans will rise significantly as
> the dollar continues to fall. As Roach"s collapsing stock market
> ushers in a recession, the inevitable job losses will pop the housing
> bubble across the country. Americans, with trillions of dollars of
> consumer debt leveraged on the value of their homes, will find that
> their futures will have disappeared. Hard-earned home equity will be
> gutted and stock values will have crashed. Unemployment will be
> widespread.

You forgot the part about UFO's and where all of the people in
the Solomon Islands are hoarding gold.

-john-

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John A. Weeks III            952-432-2708         john@johnweeks.com
Newave Communications                       http://www.johnweeks.com
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