Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (13295)	2/21/2003 11:25:48 AM
From: Jim Willie CB	Read Replies (1) of 89467

low rates are slowing down the world economy heavy debt loads are slowing down consumer activity overcapacity has rendered capex extinct I dont understand why people cannot see that we are fast approaching the end of the road in the failed Keynesian Debt-based Monetary system 76% of the GDP is devoted to debt service almost 100% of US assets are now debt attached $4.5 new dollars creates $1 in new GDP activity all official efforts are attempting to fix the sluggishness thru promoted new consumption (not investment) there is no resolution except for severe prolonged recesssion or worse the USDOllar will not survive this / jim

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