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To: isopatch who wrote (87523)	2/16/2001 11:53:49 PM
From: Don England	Read Replies (1) \| Respond to of 95453

iso, interesting about the russian missle tests. how about a conspiracy theory involving both countries ramping up defense spending, a pseudo-war footing, to improve their ecomonies, ala w.w.II? i am sure we would have the wherewithal; put all those closed-down auto factories to use... don't know if the russians could do it without some foreign aid. how would we channel the not-quite-dry dollars to them? really am counting on the mid-east to light a fire soon. but have no political opinions on sharon, et al. i lived in kibbutz beit oren in '65, and when my visa ran out went to work as an illegal alien in eilat at the timna copper mines. $3/day and all the hash you could inhale. memorable days, if i could just recall them. don p.s tommaso: i can't quite see 'a house without debt' being a great bet in an inflationary enivroment. it is those who hold the most debt who benefit most from inflation - no? a deflationary environment, otoh, is devastating to debt-holders. i find it interesting that don hays is calling for an 8 - 10 year deflationary period. considering that japan has seen consumer spending fall for 37 consecutive months, i can imagine it.