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>Today I am ashamed to be an American. I'll never look on the rule of law
the
>same way again. My father risked his life for this country in WW2 and our
>leaders can't even perform the job that they have sworn to do. Throw me of
>the list. It would be a small price to pay for truth.
>
>Brent
Many on this side of the fish pond will completely understand your
thinking, because our politics and the behaviour of those who have been
voted into power, in this country, are now of much the same ilk. This,
however, is a trading forum and those who read it are only interested in
anything that impacts trading. As a result, most would say that the recent
activity of the Senate and the stance taken is nothing to do with trading.
However, arguably, the leader of the nation (and if and when there is a
change) is very much a matter for the markets and the fact that Clinton
will now go on for the next two years, will probably impact well on the
whole investment area. As a result, it can only be hoped that he will want
to be remembered as a President who did something particular, of major
value, rather than the man who coined the phrase 'inappropriate activity'!
My hope would be that he might see the potential vunerability of US Dollar
versus the Euro as a danger to America's world leadership; that he decided
to ensure that the dollar should maintain its position as the reserve
currency of the world. To succeed in that endeavour, it will be necessary
to keep Sterling as the number two (rather than it join the Euro) and this
is something that will be applauded by Englishmen everywhere, as the only
means left of our keeping our national sovereignty.
So how ever distastful recent events must be for Americans, in particular,
and other onlookers around the world, in general, there is still an
opportunity for some good to come out of it all - including the markets and
those involved in them. It is vital for freedom that America and its
currency leads the world and so it is absolutely necessary that the Euro
venture remains a secendary project. And so, de factum, ensuring that the
British Pound is saved.
Bill Eykyn
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