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Jack, wise words, as always.

You said, "It befuddles me that people come to the conclusion that if the U.S. is in trouble then Europe or the Pacific Rim must be fine. Or that the assumption is made that it has to be better elsewhere. I really worry that its a leaping without looking scenerio.

But for the purpose of coming completly clean I am concerned about the current amount of chatter over international investments."

You might be interested in this article (linked by freethinkerkeywe, on the Mishedlo Board).
http://www.kitco.com/ind/Dorsch/may092006.html

This article uses many charts, to demonstrate how currencies are being over-liquefied, all over the world. Of course, Kitco is a gold site, so the conclusion is a gold bug's conclusion. One can choose to reject the claim that gold is a useful protection against "fiat currency" debasement. Regardless, the euro and yen (the most credible alternatives to the dollar) have at least as many problems as the dollar, in terms of over-issuance and fundamentals (demographics and national debt).

Wendy
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