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To: Victor Lazlo who wrote (149383)	10/29/2002 10:48:47 AM
From: GST	Read Replies (1) \| Respond to of 164684

Victor: When was the last time you were in China? China is growing at around 7% this year and has been in the 7% to 9% per year range for 20 years -- what is our growth rate? What is Europe's growth rate?

To: Victor Lazlo who wrote (149383)	10/29/2002 10:54:30 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 164684

you are a very poor student of economic history but there is always time to brush up in England they laughed at America in 1910 for the next 80 years they laughed no more England was on top of the world back then, laughed at USA the difference comes with.... WHO IS THE NATION OF SAVERS? WHO PROVIDES CAPITAL FOR CREDIT? WHO BECOMES THE CREDITOR NATION? the answer in 1910 was the United States the answer now is Asia, in particular China IT IS ALL ABOUT WHICH NATION SAVES, WHICH IS INDEBTED you focus too much on Japan, which will straighten out the real key is China, ever heard of them? Japan will emerge WHEN it fixes its banks because its nation of 70 million people are PROLIFIC SAVERS they financed the USTrez Debt from 1980 to 1999 then they pulled back in 2000 as China stepped forward to finance our pathetic debts Asia has overcapacity in mfg USA no almost no mfg at all, shipped offshore, mister we have assembly plants, not mfg plants and most of them are relocated to Mexico thus, USA has no mfg to speak of so Asia will save less during the crunch and you think that makes us SUPERIOR??? we in the USA will be filing for bankruptcy in droves in Q1, Q2, Q3 now approaching 400,000 personal BK's on top of that you have corporate BK's e.g. over 100 telecom BK's since summer 2000 alone!!! many Asians can easily return to barefoot status but unemployment for Americans, reverting to barefoot status, will come with quite a shock Asia will save less, Americans will declare BK you wear rose colored glasses better, you wear glasses that blot out entirely one side then there is banking the USA has sold 60% of its gold to Asia since 1985 and thus has depleted itself of the very collateral for our $6,000,000,000,000 trez debt this will endanger the USDollar in the upcoming correction China now is seeing a 30-40% annual increase in US trade surplus it rose 15% from the beginning of summer02 to beginning of autumn02 they announced intention to purchase 15-33% gold with that surplus this summer they opened a Shanghai Gold Exchange all across Asia the trend is now to resupply banks and central banks with gold Asia is fast becoming gold-centric in banking and commerce so as gold rises, dollar falls, Asian banking gains strength, and American banks weaken just like with companies and individuals.... ASIAN BANKS WILL SAVE LESS, PUTTING IN LESS RESERVES AS AMERICAN BANKS GO BANKRUPT esp since they lace derivatives throughout operations US Banks (large banks) have morphed into hedge funds, almost totally unbeknownst to retail consumers and outspoken sheeple such as yourself as I said, you are a poor student of history as well as economics even as you display haughty arrogance with your "ha ha" / jim