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#1

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Posted 20 November 2003 - 07:48 AM

Although it was scarcely reported in the press, an extraordinary event took place in Washington earlier this month. Pascal Lamy, The European Union trade czar, visited with influential members of Congress for the express purpose of determining whether a new tax bill is being crafted to his satisfaction. If Mr. Lamy- a member of the French Socialist Party- is unsatisfied with the changes made to our tax code, he threatens to unleash a European trade war against U.S. imports . . .

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Ron Paul, M.D.
Member of Congress


#2 Bird D Durr

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Posted 20 November 2003 - 08:05 AM

If I start now.........................I can finish George Orwell's 1984 before the NY opening bell...............................

We are best to learn history....................Or we are doomed to repeat it........................

#3 Bearman

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Posted 20 November 2003 - 08:35 AM

If I start now.........................I can finish George Orwell's 1984 before the NY opening bell...............................

We are best to learn history....................Or we are doomed to repeat it........................

Answer With malice towards none

What comes around goes around :o

#4 BeerMarket

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Posted 20 November 2003 - 08:39 AM

currently on the front page of wall struck urinal online:

Freddie Mac is expected to report that it overstated earnings by as much as $1 billion in 2001 when it releases its restatement.


and I haven't even heard mention on MayorTV of the next grenade in the developing trade war:
China to Raise Tariffs on U.S. Goods

but according to MayorTV, fucutures are down due to bombings in Turkey. Glad we have them to explain it, otherwise I'd think stuff like the above might worry a few people.

#5 machinehead

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Posted 20 November 2003 - 08:40 AM

Payback time:

China will raise tariffs on some American imports, the Commerce Ministry said on Thursday, in a step that comes just days after a fresh trade spat sparked by a U.S. move to cap imports of selected Chinese textiles.

"The Chinese side will raise import tariffs on some commodities imported from the United States and we are currently studying relevant plans," Vice Commerce Minister Ma Xiuhong told the official Xinhua news agency.


The retaliation game

Whew, that's a relief! What if they raised the tariffs on importing T-bones? :ph34r:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#6 Bird D Durr

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Posted 20 November 2003 - 08:46 AM

Payback time:

China will raise tariffs on some American imports, the Commerce Ministry said on Thursday, in a step that comes just days after a fresh trade spat sparked by a U.S. move to cap imports of selected Chinese textiles.

"The Chinese side will raise import tariffs on some commodities imported from the United States and we are currently studying relevant plans," Vice Commerce Minister Ma Xiuhong told the official Xinhua news agency.


The retaliation game

Whew, that's a relief! What if they raised the tariffs on importing T-bones? :ph34r:

GAME..........SET.................MATCH.............................CHINA..................

#7

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Posted 20 November 2003 - 08:48 AM

Watch gold. The miners knew the bad news yesterday before the close. How do they do that? B)

#8 Ned38

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Posted 20 November 2003 - 08:49 AM

Odd

Last night around 7:25 on M2M I posted that the Comp futures were down 10 at 1884 and that I thought it must be a mistake. They are still pegged there

Nothing had blown up at that time

#9 machinehead

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Posted 20 November 2003 - 08:52 AM

Watch gold. The miners knew the bad news yesterday before the close. How do they do that?  B)

Odd

Last night around 7:25 on M2M I posted that the Comp futures were down 10 at 1884 and that I thought it must be a mistake. They are still pegged there

Nothing had blown up at that time


Hey, budgets are tight everywhere.

The CIA's Open Market Desk is doing the best it can to fund the Agency ... :wink2:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#10 Bearman

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Posted 20 November 2003 - 09:03 AM

Are you ready for Wave 3?The s-p dam sure is! :o !

















! :o !L O B! :o !

#11 DrStool

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Posted 20 November 2003 - 09:06 AM

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#12 Lock Limit Down

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Posted 20 November 2003 - 09:06 AM

Watch gold. The miners knew the bad news yesterday before the close. How do they do that? B)

And watch the bond. I think this is key. There will be a day when they hold an auction and noone will come. The gang of 22 has been very active of late, shorting the bond. Contracting money supply and a rising bond yield will stop bubble 2 in its tracks.

from Sinclair

Seeing the extreme drop in the purchase of US Treasury instruments scares the hell out of me. Is there a link between the extreme contraction in monetary aggregates, along with the hard drop-off in foreign money flowing into the US, and the unwillingness of lending institutions to continue the exponential increase in consumer debt?
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#13 Sphinxter

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Posted 20 November 2003 - 09:14 AM

Odd

Last night around 7:25 on M2M I posted that the Comp futures were down 10 at 1884 and that I thought it must be a mistake. They are still pegged there

Nothing had blown up at that time


Hey, budgets are tight everywhere.

The CIA's Open Market Desk is doing the best it can to fund the Agency ... :wink2:

Thank god them Al Quaida evil-doers are limiting their actions to muslim countries.

Luckily we know who's doing this because the Passport of one of the suicide bombers magically survived and was found in the rubble.

Hey, maybe they'll fall for it twice.

What I particularly love about them wacky bombers is they can pack a truck with explosives and wire it up but somehow keep forgetting to check to see if the targets are occupied ....

Desperate people and desperate times.

#14 growler

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Posted 20 November 2003 - 09:25 AM

The U.S. puts tariffs and quotas on goods from China - in return, China puts quotas on the U.S. dollar and dollar denominated assets.

#15 DrStool

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Posted 20 November 2003 - 09:25 AM

from Sinclair

Seeing the extreme drop in the purchase of US Treasury instruments scares the hell out of me. Is there a link between the extreme contraction in monetary aggregates, along with the hard drop-off in foreign money flowing into the US, and the unwillingness of lending institutions to continue the exponential increase in consumer debt?

Why are we talking about Sinclair when good ole Doc has been calling attention to this for three months? :huh:

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