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To: Ironyman who wrote (3717)3/17/2003 10:50:15 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 5423
 
Japan is the framed picture for viewing
Argentina is the path we are on

as we resist teh Liquidity Trap
we will behave like the Weimar Republik
it has already begun
our arrogance and active presses combine to enable extreme action

the result will be horrendous debasement of the dollar
the effect on the US Economy will be rising rates and a return of price inflation

the other effect on the World Economy will be serious bank distress coupled with faltering export demand

Japan is the end of the road for passivity
do American leaders and Japanese leaders share passivity, inaction, in a system that refuses to allow bankruptcy ???

NO, WE ARE HEADING DOWN ARGENTINA BOULEVARD !!!

/ jim