Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc Message Board

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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc

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To: SOROS who wrote (425)	9/22/1998 9:25:00 AM
From: Hawkmoon	Read Replies (4) of 1151

The destruction of intangible monetary assets is a terrible thing to behold. We all realize that Latin America, as a whole, is too important to be permitted to fail. However, the cost to salvage the situation will be nearly as bad as letting them fail. They'll just accumulate more debt. We'll be even more exposed to this bad debt. And eventually, the whole house of cards will collapse. (Which would be fast and furious given the constant and instantaneous flow of capital ever day in response to global events) All thanks to Crony Capitalism... Regards, Ron

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