Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (51810)	7/29/2004 10:46:24 PM
From: Hawkmoon	Read Replies (1) of 74559

They are half way there. Now for the other half. They'll do it eventually, IMO.. But it will be at the cost of giving them an opportunity to become involved in new oil exploration in Iraq.. But given the level of complicity and corruption shown by the Russians in the OFF scandal, right up to Putin's political party, the US and Iraqi government still have tremendous capability to cause international embarrassment for Putin.. As for lending money to countries, it all depends on the legitimacy of the government. This is why I say that dictatorships are not truly legitimate governments (which certain people like Zonder obviously disagreed with).. Legitimacy is truly expressed in situations like this one, where the entire international community recognizes that the citizenry of a former dictatorship can not be held responsible for loans which were not taken out in their name.. Hawk

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