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To: pater tenebrarum who wrote (59104)	1/18/2001 8:39:09 AM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

How wrong to forgo it simply because this would run counter to the interests of the rich! Solved this problem. Just have the rich keep their wealth in those assets which are inflating at the fastest rate ie corporate equities

To: pater tenebrarum who wrote (59104)	1/18/2001 9:23:33 AM
From: Andrew G.	Read Replies (3) \| Respond to of 436258

Heinz: I agree again. However, there simply aren't any 'legal' limits. And when push comes to shove, there are apparently no boundaries to the clever vehicles of financing that exist; most outstanding of which, are length of terms on loans. A simple example would be home refinancing. What do people who are debt ridden do when they are maxxed out on their credit cards ? The take out home equity loans and refinance their mortgage (especially when the FED invites them to this). At no time do they have to pay the piper the full balance due. As long as their cash flow permits them to pay the 'minimum monthly payment', they are 'OK'. Corporations finance their customers purchases, and sell stock in their companies to their suppliers in exchange for goods and services. The answer is that the house of cards can keep building indefinitely as long as deferral of payment (e.g. one can always extend or spread it out), and cash flow is always sufficient to meet minimum monthly/qtly payments. We keep thinking it's all going to come undone soon, but like global warming, and chronic disease, the process is long on worry and short on change. Can we forgo the inevitable collapse indefinitely ? Is there time to fix this mess before it's too late ? A massive slowdown to focus on reducing debts would be like our government trying to focus on reducing deficit spending. I just don't see it.