Steve: That's what I meant. What do you intend by the statement?
Specifically, where you say "...can only come from a period of instability." How much instability?
This leads straight to the heart of one of the World Bank's organizational premises. This is what they are to prevent. It seems, however, that an apparent inability to provide a viable alternative to the days of "spin, crash and burn" has prompted some fingerpointing. Regardless, time is about out for both entities.
Look what they're prepared to do in South America. The outstanding debt for Argentina is US$400+ billion. And the IMF is prepared to increase it. Why not just call it what it is? They're a tribune state. And the people there, as well as in other countries, are aware of it. It is why I suggested on another thread that, should another substantial bailout be enacted, there will likely be a revolution of the bloody sort in one of those overencumbered nations.
Too, in the absence of characterful and benevolent leadership, what is there when all other remedies have failed? The Allende prescription? May be.
Maybe they just oughta' let them slug it out.
But markets are at stake. |
