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Ramsey, I just promised to listen more attentively about 5 minutes ago and I am, but help me out here. What, precisely, are you saying? I agree that an IMF bailout is a foregone (note sp. <g>)conclusion but in the next sentence/paragraph you dismiss the possibility that it will work. "Decades of funny money", has every fab plant built in the last thirty years been a joke? These guys have no doubt used capital inefficiently (in the economic sense) but, all of it? "Throwing in Japan and possibly China", . . . "big problem", sell the house, move to the bomb shelters, why raise cash, why not gold? FDR tried to rally the nation with his famous "the only thing we have to fear is fear itself" speech. Now, you've got my attention. What fix would satisfy you or are you saying that the beast is loose in the streets and there is no fix? FWIW, I can't subscribe to that. We do indeed have a problem of serious proportions, but who the hell is around to solve it if not us? No solution possible? I would politely suggest that is a cop-out of the first order. I respect your opinions and maybe I've gotten the wrong take. Like to hear from you and all. As usual, Regards, Mike Doyle |
