Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (4301)	8/10/2002 1:40:41 PM
From: SGJ	Read Replies (2) of 89467

<<<<result was a quick 10% devaluation of the Real that translates to a $30B increase in their debt and resulted in the bailout being $30B, not $20B which was the amount discussed only two weeks ago>>>> Sort of my point is "the more the More" fix is about to hit the wall. How can you solve the problem by making the problem bigger? That is the paradox of the IMF. Surely they know this and see this. Why they continue down this path is the burning question. It seems to me that the solution engaged by the IMF/FED/BIS is to continue to push financial problems into the future. Remember that the owners (yes, there are real people that own this scheme) get everything in the end no matter what. Whether they flavor it in dollars, reals, francs or pesos. You eventually pay them all of it in interest or they repo all your stuff. After a global "netting", that group can't lose. They own everything. Game over. How close are we to this final accounting? YOu think close? Then gold.

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