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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (136237)	11/29/2001 8:35:57 PM
From: Tom Smith	Read Replies (2) \| Respond to of 436258

yep, soon we'll all individually own everyone else's debt....there will be no way to escape it...even that quarter pounder with cheese will have a thin slice of debt in it. "americanization" of global debt: or is that globalization of american debt? No, Globalization of Global debt. any other currency/banking system that can't keep up in the derivived-securitization game or tries to punish the moronic and greedy through bankruptcy proceedings will be gutted....speculation by multinational businesses in ever higher risk endeavors will naturally pair them with the kinder, gentler USD-based debt-forgiveness system. "We knew from the first you couldn't pay the interest on the loan much less the principal back but, if you'll just continue to use our currency, our banks will launder your junk (for a fee and at a discount of course) then we'll mix it up with literally thousands of other defaulted loans and get this, sell that collective swill back down the world's throat....and the world will learn to love it for the hope it represents of a profit in an otherwise bankrupted, profitless world....oh, and we'll print you up some more USDs too so that you can get back into the game.... Of course if you are not so inclined to cooperate, you're probably a terrorist. So, what's it going to be?"