Re: [Marxism] Crisis may make 1929 look like a 'walk in the park'

To: marxism@xxxxxxxxxxxxxxxxxxx
Subject: Re: [Marxism] Crisis may make 1929 look like a 'walk in the park'
From: dave.walters@xxxxxxxxxxx
Date: Wed, 26 Dec 2007 02:21:33 +0000

I also agree that it does no good fortune telling. One is usually wrong.

Take the title of another thread: Dollar in Free Fall...

No, it's not. If it was, it would like like the Mexican peso in 1980 or the
Asian currencies 5 years ago. THAT was free
fall. The US dollar has plunged over several years now and it certainly doesn't
look like it's going to stop any time
soon. But that's not the same thing as a 'free fall' or the dollar becoming
worthless. If it was, it would be, and it
wouldn't be convertable for much longer, which it is, and for the next period.
That it is going down in value is
certainly true. But "free fall"? Not yet.

David

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Thread context:
- [Marxism] Fwd: TDU - The Past, Present, and Future, next Labor Beat, mlause Wed 26 Dec 2007, 02:27 GMT
  - Re: [Marxism] Fwd: TDU - The Past, Present, and Future, next Labor Beat, Louis Proyect Wed 26 Dec 2007, 02:34 GMT
- Re: [Marxism] Crisis may make 1929 look like a 'walk in the park', Joaquin Bustelo Wed 26 Dec 2007, 00:34 GMT
  - Re: [Marxism] Crisis may make 1929 look like a 'walk in the park', Ruthless Critic of All that Exists Wed 26 Dec 2007, 03:50 GMT
  - <Possible follow-up(s)>
  - Re: [Marxism] Crisis may make 1929 look like a 'walk in the park', dave . walters Wed 26 Dec 2007, 02:12 GMT
  - Re: [Marxism] Crisis may make 1929 look like a 'walk in the park', mlause Wed 26 Dec 2007, 02:17 GMT
- [Marxism] More South African left views on Zuma, glparramatta Wed 26 Dec 2007, 00:22 GMT
- [Marxism] Laws of Nature, Source Unknown, Ruthless Critic of All that Exists Tue 25 Dec 2007, 23:55 GMT
  - Re: [Marxism] Laws of Nature, Source Unknown, Les Schaffer Wed 26 Dec 2007, 02:39 GMT

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