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To: orkrious who wrote (206451)	11/22/2002 9:58:59 PM
From: benwood	Respond to of 436258

Ork, I remember when the monthly trade deficit was bumping against 10 billion and it was considered a dire situation. Now it's just SNAFU month after month. The disconnect seems as bad as 1999 but I don't think there's nearly as much time to play this go around.

To: orkrious who wrote (206451)	11/22/2002 10:09:17 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

All we have to do is say, "We owe you a trillion dollars? Ha-ha, just kidding, that wasn't real money, let's start over." I had a grandfather who played poker like that.He and his friends just kept a running record of imaginary wins and losses. One time an out-of-town visitor got into the game and no one thought to tell him it was just for fun. He lost a bundle. At the end he asked tentatively if they would take a check. Everyone ended up happy because he hadn't really lost any money, because if he had been a big winner something bad might have happened. But when the rest of the world finds out we can't really pay, I wonder what happens.

To: orkrious who wrote (206451)	11/22/2002 10:13:55 PM
From: Haim R. Branisteanu	Respond to of 436258

As with DOT COM valuation so is the ignorance of the C/A deficit. That is another reason why the FED will do everything to pop up the market, to lure more money to stay in US financial instruments. They do not play it alone as other see the US as a market for their products and wealth ....... even if it is fiat money (e.g. China)

To: orkrious who wrote (206451)	11/23/2002 9:58:55 AM
From: Knighty Tin	Respond to of 436258

ok, But it is similar to JDSU writing off an amount equal to the GDP of New Zealand. They bought fake assets with grossly inflated stock, so no damage was done. Except to the silly shareholders, who didn't know they held inflated stock. But that's what they get for buying into a scam instead of starting one of their own. <g> So, the US is buying goods and services for play money dollars. Thus far, other countries are sending us real goods for our funny money. If they ever catch on, we'll simply use our real military against them. We are in the process of teaching them that lesson now. We have to hope that the soldiers are the last to think the fake money is real. <g>