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To: Bucky Katt who wrote (10222)	10/29/2001 1:05:04 PM
From: James Strauss	Respond to of 13094

Jim, Argentina and it's inability to to pay interest on about $135 billion worth of debt is going to come to a head soon, again. What has it been, 3 or 4 months since we last talked about this?? There are some other countries that are going to default too, unless the IMF rides to the rescue, also again... Nothing is ever solved, just put off into the future. Good point William.... We've been deferring payments from Latin American loans for many years... I guess that's the price to pay for the backing of our foreign policy... Kinda like defending the Saudi dictatorship while they harbor terrorists and refuse to give us any info about them for the sake of almighty oil and flyover rights... Here's how it looked in August: jubilee2000uk.org When you add in the other developing countries teetering on the edge you have hundreds of billions in debt that will likely never be repaid... You and I will be picking up the bill so our local banks don't suffer... Jim