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Pastimes : Kosovo
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To: chaosad who wrote (2402)4/7/1999 12:58:00 PM
From: Jacalyn Deaner  Read Replies (2) of 17770
 
**OT ALERT** In light of the fact that the US treasury has been directed to print billions of dollars and to place those billions of dollars into the economy in the fall, commencing in late August, does anyone remember reading what happened when the French did this? the French Revolution - laisse faire - let them eat cake scenario.

Greenspan will be gone (he has commented before congress regarding the coming fiasco resulting from this policy) This policy has the potential and probability to undermine the already fragile and tetering confidence in the "wealth of this nation". The present economic infrastructure is built on mass - MASS - credit unworthiness and overextended valuation both of industry leaders ie: (AMAZON.COM) and the debt ratio of 85% of the american households.

Pouring valuless paper into the economy WILL destabilize an already incapacitated, unrealistic view of the market, resulting in some forms of internal instability.

What do you think the administration will do after they have implemented this disaster? Jacalyn
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