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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (38723)9/23/2003 9:46:03 PM
From: TobagoJack  Read Replies (2) of 74559
 
Hi Elmat, <<I were the US finance authorities>> ... I would unilaterally repudiate all debt and obligations, foreign and domestic, justifiably default, destroy all paper trail, and then seek redemption.

This would get me out of a jam a lot faster than the gradualist approach of fiddling with exchange rates, fubbling with money supplies, and tweaking discount rate.

... but then I like drama :0)

Chugs, Jay
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