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To: Investor-ex! who wrote (35188)6/11/1999 5:51:00 PM
From: lorne  Read Replies (2) | Respond to of 116758
 
Hi Investor-ex!. would you care to give an opinion on something.
It would appear that the debt owed by poor countries is somewhere
around 350 billion to 370 billion and there has been talk recently
about forgiving these debts.
I think this is money already in circulation and it is a fair chunk of change. How would forgiving this amount affect the world finances
if at all. I keep thinking if this amount can be written off it has to undermine the value of the dollar. Easy come easy go just print somemore.
What of the lenders do they really lose or is it just taxpayers so who cares.
take care
Lorne