Value comparisons

[josie 8]

Thank you Scott.

Very clever the gold going in full circle, in and out in the mint but the bulk of gold stays or lock up in safe place and somewhat maintain the value of circulating money and the gold is reserve if economic melt down for the international money organisation just and opinion

Countries with no gold that will be the problem for them.

[RLC35 288]

Josie,

You are right, most gold is stored! In the USA most is in a bunker at Fort Knox, KY. Since the US has not been on the gold standard for many years, gold is more symbolic, than a hard assett of our currency.

As for making gold illegal again as it was in 1933, that would have very little effect on our economy. It is very hard to get a better economy than what it is now when 95.4% of the country is employed (4.5% unemployment).

There is an exception though, Michigan has a real recession, especially Detroit, where the unemployment rate approaches 12-15%, due to the collapse of the American Auto Industry there!

Bob C.

[josie 8]

Yes RLC you are right.

Just wondering why the convertion of US dollar against other currency is going up like the GBP 2:1 and the Phil. peso a developing counrty is 46 peso to one dollar and in the past reached as high as 54 pesos to one US dollar.

Is there is somethng in US economy is happening that I dont undertand or it is all about the US deficit or something like oil or other products or their debt.

[RLC35 288]

Josie,

I think the biggest issue is the oil supply. The US is so dependant on foreign oil, it hurts us in the balance of trade. We have been slow to find alternate types of energy. The Central and South Americans have been far more progressive that ourselves, with the use of ethanol fuels, and the like.

We are building ethanol refinerys at a fast rate, and since we have an ample supply of corn and suger beets, (the products they make ethanol from) that should help considerably. It is still a long term issue for us though.

As for our currency even at 2 to 1, we are gaining against the UK pound sterling. When I was young, a English pound was worth 5 US dollars. But in the last year we have lost a little ground going from about 1.80 to almost 2.00 US$ per poiund. The Phil. Peso and the US$ are a little less volatile, but there is still a trend going on there.

Our economy is very strong at the present. The DOW Jones Industrials (stock market) set an all time high Friday of 12,961, which is a positive sign.

Thanks for the information, it has been pleasant talking to you about this.

Bob C.

[josie 8]

Thank you RLC.

I will just watch the oil among others, keeping a wake if ever it happens.

[josie 8]

http://news.bbc.co.uk/2/hi/business/6643131.stm

http://news.bbc.co.uk/2/hi/business/6642129.stm

http://www.rte.ie/news/2007/0510/interest.html

Still holding and that is good.

In every turn of century I think their is a wheather cycle.

Freak wheather But this drought as I know happen onced no record of cycle.

http://drought.unl.edu/whatis/dustbowl.htm

Winter but this one I remember wheather cause a problem to both conqueror.

http://www.stormingmedia.us/46/4696/A469614.html

http://www.kaiku.com/winterwar.html

Weather affected the dollar last year even US have bulk of oil in Alaska the distribution is the problem thats new to me.

Edited May 10, 2007 by josie

[josie 8]

For me this is a bad summer if the autum is gloomy and the winter is dark just do the best.

[josie 8]

just an update,one web page.

http://news.bbc.co.uk/2/hi/business/6958091.stm

[josie 8]

Just posting.

Lower dollar maybe US can shave its trade deficit in tokyo.

http://www.epinet.org/content.cfm/webfeatu..._tradetestimony

[josie 8]

Just an update.

http://news.bbc.co.uk/2/hi/business/7264239.stm

http://news.bbc.co.uk/2/hi/business/7264653.stm