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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (11757)1/15/2003 2:22:50 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
excellent Soros discussion on World Center vs Periphery
he doesnt address securitized USTrez debt
versus
installment South American debt

the Brady Bonds did address this, and successfully
but a cynic could well argue that Brady Bonds were set up for the rich Center nations to securitize already hefty interest-based debt, knowing the US support would drive down the rates and reap a windfall for the US participating investors

in our current environment, no effing way Special Drawing Right funds will be created
no way, no way, never happen

/ jim
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