[meteorite-list] Effect of fall of dollar against Euro/ dirham's - OT

From: Howard Steffic <bencubbin_at_meteoritecentral.com>
Date: Tue, 8 Apr 2008 09:05:20 -0600
Message-ID: <BAY127-W44C1A7B8D3F55899B3FB71B7F20_at_phx.gbl>

It will take generations to undo the mess the chimp has created.

And you want to know the sad thing? Whoever has to raise taxes to pay off this credit card that Bush has run up or rebuild the broken military will shoulder all the blame and not get re-elected. That assumes that he/she could start a term without the gift that keeps on "TAKING" from Bush (Iraq War).

http://www.youtube.com/watch?v=aizz0o9fPWU

Howard Steffic

> Date: Tue, 8 Apr 2008 07:44:18 -0700
> From: mlblood at cox.net
> To: azizhabibi at yahoo.com; meteorite-list at meteoritecentral.com
> Subject: Re: [meteorite-list] Effect of fall of dollar against Euro/ dirham's
>
> on 4/8/08 6:44 AM, habibi abdelaziz at azizhabibi at yahoo.com wrote:
>> let's hope the dollar will be back high , if not and the trend of the dollar
>> continue this way ; we will have a closed market in nwa.or an expenssive
>> meteorite market.
> Hi Aziz,
> We have a strange shift going on in the US. The Republican Party
> Used to stand for "conservative" economic spending by the government
> And the Democratic Party had a reputation of "tax and spend" on social
> Programs. However, the past 15 years everything is turning upside down.
> Clinton brought the national debt down to "only" 1 trillion $(from a
> previous 4 when he took office). That made the dollar strong. However, we
> have had someone who was supposed to be a "conservative" drive up the
> national debt to over 7 TRILLION Dollars over the last 7 years, and the
> result is a very weak dollar. (this is quite easily accomplished when you
> cut taxes and expand spending) So much for "small government" - though
> We do "hire out" for some of the more important functions.
> Unfortunately, your comment about what will happen if the dollar
> Does not get stronger has already happened. It was plain as day at the
> Last Tucson Show. Prices were the highest I have ever seen since the
> Flood of African material started. Prices on much of the historic material
> was actually higher than before the NWA flood and, of course, the NWA
> Material is at an all time low in volume and high in prices.
> Someone actually complained that my auction was "ruined" because
> So many dealers were buying so much (actually, only about 30%) that
> They were outbidding collectors. The difference was that the dealers SEE
> What is happening - and when things are "cheaper" at the auction than can
> Be had "wholesale" they have to bid on it. Clearly, many collectors are in
> denial and just don't accept that market prices bottomed out 2 years ago
> And have been on the climb and that cline has steepened the last year
> Quite a bit. Before long, I don't think anything will be available "cheaper"
> Than it was at the height of the market 7 or 8 years ago. Of course, bread,
> Butter, rent and certainly gas are not nearly as cheap as they were 8 years
> Ago, either.
> I just hope Clinton wasn't a one time aberration and at least one of
> the parties will be financially conservative! If the government wants to
> Spend $ they will have to tax to pay for it - or, do what they have done the
> Last 7 years and just print more, which MUST result in a decline in the
> Value of the dollar. You can't have it both ways - they have been acting
> like a 15 year old with a credit card.
> What I don't understand is why there are not more Europeans buying
> Meteorites from US dealers? With the Euro so strong against the dollar, what
> An opportunity.
> Any Europeans out there got an answer?
> Best wishes, Michael
>
>
>
> 'Your living is determined not so much by what life brings to you as by the
> attitude you bring to life; not so much by what happens to you as by the way
> your mind looks at what happens.' --Kahlil Gibran
>
>
>
>
>
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Received on Tue 08 Apr 2008 11:05:20 AM PDT