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To: PaulM who wrote (51830)4/22/2000 11:18:00 PM
From: Alex  Read Replies (1) | Respond to of 116762
 
<<The global economy is being powered by what is not other than a giant "ponzi" scheme, one totally supported by all the players. To listen to CNBC, or any other financial news service, talk about what investors are doing and not doing gives one the impression that the US is a nation of astute self taught economists whose prowess in the investing field is the envy of the rest of the world. The leader of this giant global "ponzi" scheme is the US and its main contribution is the creation of US dollar denominated debt. People need to be reminded of the fact that debt is a liability. The US dollar is a debt instrument and as such, it is not an asset. It is not redeemable for anything other than more debt.>>

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