To: pogbull who wrote (1119 ) 4/3/2003 1:07:04 PM From: Jim Willie CB Read Replies (2) | Respond to of 1210 thanks, yes, very interesting Kondratiev Winter seems to be taking Japan down they have levitated for over ten years they have clung to failed Keynesian and Monetarist shams they have wasted untold billions of good money after bad they even go farther than American waste, with pork barrel construction projects, like large wide roads to nowhere Japan is living proof that failed economic systems dont get fixed instead, they require even more desperate failed measures to shore up the untold trillions of blown wealth Japan is now providing us a vivid glimpse into USA's futureexcept ours will be a terrible combination of Japan's widespread bankruptcy and Argentina's sudden imported devastation March 31st is always a critical date for Japan it ends their legally required Repatriation now shit hits the fan not only will the world see a sharp reduction in access to Japanese savings for credit lines, but Japan eventually will be forced to liquidate some of its $450 billion in USTBonds I dont know when it will begin I thought it would have begun last year sometime they extend their economy's life longer than many experts imagined but K-Winter has awesome awesome power, force, strength, and destructive potential there is no way Japan will avoid K-Winter's wrath K-Winter is best known for its ability to crush reckless debt but in this case, we are talking about Japanese Banks coming clean many are insolvent K-Winter deals with corporate insolvency just as effectively as ireesponsibly managed debt they are two sides of the same coin beware of Japanese selling (even minorly) of USTBonds we have higher rates coming sooner or later despite the slow economy it is about debt the other surprise will be a rising JYen currency with US surplus at 2.5% of their GDP, a strong capital flow will eventually cause the yen to rise versus the dollar that spells horrendous consequences for their economy I have thought for weeks that Nikkei dropping means JYen is about to rise it might signal BOTH -- JYen rise, and some big banks die / jim