To all the brains on this thread,
Another time bomb ticking?
I am very concerned with how hard the C administration is pushing IMF funding, as well as Greenspan. This morning, even Alexis Herman(sp) is pushing IMF.
What is this funding for afterall? To pay back previous loans that are about to default, kind of like a Ponzi scheme with new money paying off old. Well, is the Ponzi scheme about to explode? Who is going to be left holding the bag - the banks who loaned to Russia, Korea, Indonesia, Malaysia, Brazil, etc etc. If IMF is not funded, LTCM may pale in comparison.
Comments?
Unfortunately, I am leaving on vacation for a week or so. Will read responses upon return.
Ramsey |
