Subject: Re: AL-QAEDA PLANS TO NUKE 7 AMERICAN CITIES!!!!
Date: Fri, 15 Nov 2002 12:33:59 GMT
NNTP-Posting-Date: Fri, 15 Nov 2002 07:33:59 EST
Organization: Cox Communications
> "The American economy is an economy of false appearances," says
> al-Usuquf. "There's no real economic weight. American GNP is something
> around $10 trillion, but only 1 percent comes from agriculture, and
> only 24 percent from industry. So 75 percent of its GNP comes from
> services, and most of it is financial speculation. For someone who
> understands economics, and apparently America's Treasury Secretary
> Paul O'Neill does not, or cannot, the US as a whole behaves like an
> immense dot.com, and dollars are its stocks.
And this guy thinks he understands economics? News flash, genius - 2
trillion of non-services production is exponentially more than any other
nation's non-services production. Our industrial production alone is worth
as much as two entire European flagships, which are themselves among the
largest economies in the world, and they too have small industrial
percentages and high services percentages. Virtually _every_ advanced
economy is the same way.
> The value of stocks from
> a given company is directly proportional to its profitability. When a
> company only provides services, but does not produce goods, the value
> of its stocks depends on its credibility. What I'm saying is if US
> credibility is affected, its stocks - the US dollar - will fall at
> tremendous speed, and the whole American economy will collapse."
This guy talks like people who don't understand that their personal and
credit debts aren't analogous to federal debts.
> and the US will make more money selling a
> Nimitz-class aircraft carrier to Turkey or Italy for $5 billion
> because they will urgently need to recapitalize. But it will be too
> late. Moreover, what will remain of an American soldier's morale to
> fight knowing that his whole family died and his country ceased to
> exist? To fight for what?"
Yup, we're very prone to rolling over.
> The world economy would not collapse, says al-Usuquf, although "in the
> beginning, it will be very difficult.
Unreal. I mean, unfathomably stupid. Does this guy not understand the
difference between GNP and actual commerce? Taking out the American economy
would not have an impact equivalent to our GNP (which alone would be
crippling to the world economy and most certainly would create a collapse),
but would remove TENS (many tens) of trillion annualy in commerce from the
global economy overall. The money I paid to the retailer who pays that
money to his vendor who pays that money to his supplier who pays that money
to his distributor who pays that money for shipping and transportation who
pays on and on and on. He's right, it wouldn't collapse, it would fold.