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To: westpacific who wrote (24865)	11/1/2002 8:45:13 PM
From: TobagoJack	Respond to of 74559

Hi westpacific, in wild panic <g> I search for antidote to hyper inflation, and the ideal drug cocktail combo seems to be (a) short heavily in the currency marked for drubbing, (b) long gold, (c) long main residence, and wait to (d) long stocks first, and then bonds. My Philippines buddy figures the Peso will drop to 100:1 USD. I will make inquiries about Philippine peso loan in the coming week. Chugs, Jay

To: westpacific who wrote (24865)	11/1/2002 11:18:35 PM
From: LLCF	Respond to of 74559

That doesn't happen any more... we don't print money like that. Well, errrr, not really. DAK

To: westpacific who wrote (24865)	11/2/2002 3:44:09 PM
From: Snowshoe	Respond to of 74559

The Germans did the only thing they could and printed billions of marks to put up whatever resistance they could. The Reichsbank commissioned 2,000 printing presses to print around the clock in order to keep up with demand for the fiat paper money. How does printing billions of marks constitute resistance against the French? Why was there demand for fiat money? I thought the French were demanding gold.

To: westpacific who wrote (24865)	11/4/2002 12:30:01 AM
From: shadowman	Respond to of 74559

I'm not sure that I get it? Russell is equating war reparation debt (an obligation on the German government) to a commercial trade deficit. My understanding (limited) of trade deficits is that we as a country (primarily private business entities) import X amount more goods and services than we export. It would appear that most of this is standard commercial activity...if an American importer orders goods for delivery to the US of A, I would expect that (generally) credit is extended by the exporter...and I would assume that the exporter, in most instances gets paid. Where is the unpaid debt? Exporters, like any normal business enterprise, would cut off the credit line at some point if the obligation is not paid..no? I'm not condoning massive trade deficits...but I don't see where Russell's analogy...unpaid war reparations(government debt)=trade deficit(private biz obligations, which I assume get paid))... makes sense? I don't see the similarities. Anyone want to enlighten me?