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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: jrhana who wrote (3932)	4/4/2003 11:35:28 AM
From: Jim Willie CB	Read Replies (2) of 5423

then let's take each descriptive, one by one and see how absurd they are <Amerika is like a big fat stupid blind lumbering bankrupt dinosaur it is dropping out money and blood by the minute being eaten and devoured slowly even as it walks> fat: 40% obesity, with frightening growth in teen obesity and diabetes AMA acknowledges these figures several 300-lb coworkers crowd my office area aisles daily stupid: of 17 major industrialized nations, US students rank #17 reading illiteracy rate is highest in USA also among these same nations financial illiteracy is beyond scarey, and not even debatable 1 in 3 Americans cannot identify USA on a global map with no lines 1 in 3 Americans cannot identify European leaders nor capitals lumbering: instead of cleansing balance sheets in 2000-2002, we have lumbered with accumulation of even more debt, implying denial of problems and worsening of situation we blindly believe much of the govt economic distortive deceptive crappola data we still dont question proforma corporate reports we still go with the "better than expected" earnings nonsense bankrupt: over 400,000 personal bankruptcies filed each quarter, and rising S&P companies have as much unreported offshore debt as reported numerous S&P companies have 10-15x the debt as capitalization US federal debt is zooming past $6.5 trillion, a figure that rises in good times, and rises faster in bad times dropping money: trade debt is now annualized at over 6% of GDP new federally minted money is printed at a fast 20% annual growth rate now which matches in size increases in consumer debt which matches in size the increase in China'a surplus versus USA households have added to their debts at a faster rate than income has grown since 2000 we continue to spend money we dont have dropping blood: not happening much yet in Iraq nor in USA terrorist targets give it time perhaps I should have left that descriptive off being eaten slowly: see above counter arguments welcome just dont make any more blanket dismissals without some information you sounded pretty naive in your last message / jim

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