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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (4653)3/21/1999 10:46:00 AM
From: Bobby Yellin  Read Replies (2) of 81070
 
Hi Bill
Alan wrote a response to a news item I posted re Pakistan and IMF
..I thought his question was so fantastic..I also liked his solution
..doesn't his question point to why the CBERs don't like gold or anything for that matter than can't be printed..who is all the debt owed to?
To: Morgy_Dog (30386 )
From: Alan Whirlwind Sunday, Mar 21 1999 10:11AM ET
Reply # of 30401

What I don't understand is that if every stinking country out there (including the USA) has accummulated this huge pile of that is so overwhelming that they can barely service the interest without extreme IMF measures such as requirements of massive utility rate increases for already sadly overburdened populations, then WHO is all this money owed to? Japan? They're supposed to be an economic basket case. The US? We're awash in debt ourselves. Europe? Germany is their strongest link and even they have their hands full with serious unempoyment problems and the repatriation of East Germany and bailing out of Russia. WHO is all this funny money owed to?

Brazil, Mexico, Honduras, Nigeria, Peru, Chile, Korea, Malaysia, Argentina, Mozambique, South Africa, Venezuela--the roll call is endless of the countries with piles of debt. WHO is all this money owed to? There must me somebody sitting around here rolling in dough. WHO IS IT? If we just owe it to ourselves, why don't we just cancel it and start over fresh? --Al

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