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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (10864)12/30/2002 11:08:40 AM
From: Jim Willie CB  Read Replies (3) of 89467
 
more like it? still delusional, 2003 will focus on default
"the recovery not only to put down deeper roots but to flower as well." ... delusional

DEFAULTS WILL SPREAD LIKE LOCUSTS:
in California's govt
in numerous municipalities
in Detroit's auto makers
in more global airlines
in at least one gold bullion banker
in electrical utilities who have failed to lock down gauranteed natgas prices
in marginal retailers who have over-expanded
in a regional bank with heavy derivative exposure

and ultimately in talk of US Treasury default down the road
as the USDollar erodes steadily, and USGovt deficits escalate, foreigners will openly question Amerika's ability to repay on our federal debts
nothing like a downtrend to call the debt into question

MAYBE THE USGOVT WILL REPAY ITS OWN TREZ DEBT WITH NEWLY PRINTED $100 BILLS ???
DOES ANYONE SEE THE PRESENT INSANITY ???

/ jim
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