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To: Les H who wrote (163496)5/2/2002 8:55:38 PM
From: John  Respond to of 436258
 
Hmmmm... When word of this "leaks" out (as if we didn't know it was coming), we could well see most Americans recalling every dollar they can access and placing them in rusty mason jars to bury in the backyard, or placing as much gold as they can find in Uncle Jimmy's old socks and putting them under the mattress in little sister's room.

This could get real, real ugly. Got worldwide depression??? Got material based barter system???

John



To: Les H who wrote (163496)5/3/2002 12:25:20 AM
From: Earlie  Read Replies (1) | Respond to of 436258
 
Les:

Now let me see if I have this right...... When one is forced to borrow more than what the debt market is anticipating, does that cause lenders to become antsy about the added risk, especially when they see that lender also printing new greenbacks like there is no tomorrow? And if they become sufficiently antsy, do those same lenders demand additional (higher rates of) interest to offset their perceived added risk? If that is the case, then might we surmise that those lenders might force Al Greenprint to start nudging rates up?

"Between rock and hard place" comes to mind.

Best, Earlie