SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: philv who wrote (22219)12/19/2004 1:04:24 PM
From: philv  Read Replies (1) of 81108
 
"The whole global economy is kind of a Ponzi scheme," he said.

"Our job is to borrow and consume at ever-increasing rates. Everybody else - particularly the Chinese, the Japanese, the Koreans - saves and produces and exports, and provide us financing so we can go on buying."

On the other hand:

""Our story has been that the countries in Asia that have been lending us money will find it in their interest to continue to do so," Dooley said. "And the United States will still get enough foreign money to keep interest rates low and continue to use world savings for both investment and consumption.""

myrtlebeachonline.com

My comment: Just more of the same confusion.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News