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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (8540)	3/7/2003 11:35:31 AM
From: velociraptor_	Read Replies (1) \| Respond to of 10157

I can justify that on a global basis, but you have to break it down to where that earnings power and debt belongs. The majority of that debt lies in the hands of those with the greatest amount of earnings power and have the most to lose. Third world countries have no money to capitalize on an increase earnings power which is practically nil compared to technologically advanced countries and thus will have no impact on the global economy. A collapse of the debt pyramid in all the advanced countries however will absolutely effect the global economy and is in progress now.