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To: 4figureau who wrote (4241)	4/29/2003 9:48:05 AM
From: 4figureau	Respond to of 5423

Powell: N. Korea Ties Disarmament to Aid Mon Apr 28, 9:39 PM ET WASHINGTON - The United States is reviewing a North Korean proposal to give up the nation's missiles and nuclear facilities in exchange for substantial U.S. economic benefits, Secretary of State Colin Powell (news - web sites) said Monday. The North Koreans set forth the proposal last week in talks in Beijing that were focused on U.S. concerns about North Korea (news - web sites)'s weapons programs. Powell called the meeting "quite useful" and said U.S. officials are comparing notes with South Korea (news - web sites), Japan, China, Russia, Australia and others. At the Beijing talks, China joined the United States and North Korea. The North Koreans "did put forward a plan that would ultimately deal with their nuclear capability and their missile activities. But they, of course, expect something considerable in return," Powell said. Powell's somewhat hopeful account of the meetings contrasted with initial accounts last week by other U.S. officials, who highlighted the negative aspects of the North Korean presentation. These included a North Korean acknowledgment for the first time that the country possessed nuclear weapons and was contemplating exporting or even using them, depending on U.S. actions. In South Korea, government sources were quoted in media reports as saying there were positive aspects of the North Korean proposal to make it worth pursuing further. The two Koreas had difficulty, however, crafting a joint statement after two days of Cabinet-level talks in the North Korean capital of Pyongyang. South Korea demanded that the joint statement deal with concern over North Korea's nuclear programs. But the North insisted the South should not meddle in the nuclear standoff with Washington, media reports said. The North instead tried to shift the focus of the talks to linking cross-border railways and other economic projects with South Korea that are part of a reconciliation process that grew out of a historic North-South summit in June 2000. The North Korean offer to swap their military might in exchange for economic benefits echoed a similar proposal three months ago by President Bush (news - web sites). Bush said then that if North Korea dismantles its nuclear weapons programs, the United States would be willing to assist the country with its food and energy needs. A senior State Department official said the North made specific reference to its energy problems as part of a long wish list in return for which they would be willing to disarm. Pyongyang's plutonium-based nuclear weapons program is well known to U.S. officials. The location of a uranium-based program, acknowledged by North Korea last fall, is not known. As U.S. officials see it, the North undertook these programs in spite of international commitments not to do so. The administration has said repeatedly that the North must eliminate in a verifiable way it weapons programs before the United States would consider economic benefits. State Department spokesman Richard Boucher said it a mistake to focus on the belligerent aspects of North Korea's presentation in Beijing because they represent only part of a much larger whole. It is in this context that the administration will review last week's talks and decide on next steps, Boucher said. Assistant Secretary of State James Kelly led the U.S. delegation to the talks and is now back in Washington after sharing his impressions of the outcome with officials in South Korea and Japan. story.news.yahoo.com

To: 4figureau who wrote (4241)	4/29/2003 5:34:25 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 5423

new Jackass article on 321GOLD on USA and Liquidity Trap here are the leading lines without the paragraphs only 8 pages, my new format / jim 321gold.com "Japan, Argentina, Weimar, or Muddle?" Experts and other purported authorities have made frequent comparisons concerning the US Economy versus Japan. The consensus is that we will not travel the same agonizing path marred by contraction and slow motion destruction. We in the USA have far more similarities than we want to admit with the fading Asian powerhouse. However, critically dangerous differences will prevent the muddle process from occurring smoothly in our economy. We actually compare poorly in differences listed in this article. No, the USA is not as bad as Japan. WE ARE MUCH MORE DANGEROUSLY WORSE. Apply strong Weimar tools within a stubborn Japan quagmire, when addicted to foreign capital, and you risk shock-ridden Argentine outcomes, not a sloppy Muddle. For over two years American business leaders, financial leaders, brokerage analysts, media pundits, and investors have denied that the United States is gradually entering a Liquidity Trap bearing strong resemblance to the one that has ensnared Japan's economy since 1990. Neither Japan nor the USA might stumble in the Land of Muddle much longer. As our government and financial technicians seek to prevent a painful recession (which would surely feed upon itself), we are implementing much the same levers as the Weimar Republic in the 1920's. In their next panic, the Greenspan-led hacks running our Fed will plant the seeds of hyper-inflation, whose germination will be dictated by China. "Liquidity" is nothing but a deceptive euphemism for more "Credit." Disturbing parallels are slowly emerging in the geopolitical and financial fronts between the United States and Europe, with Iraq the new Weimar Republic, and the USDollar the new ReichMark. The Federal Reserve is notorious for overshooting, and owns a track record to prove it. The US Economy may soon be severely tested by a series of shocks. The prescription for an Argentine implosion shock is a combination of debt failures, weak export competitiveness, and sudden departure of foreign capital. Differences between USA and Japan are very unfavorable, relating to currency valuation, bankruptcy ease, saving propensity, foreigner debt ownership, financial engineering, monetization techniques, basic integrity, and intervention willingness : a) unlike Japan, US Economy cannot tolerate a declining USDollar b) unlike Japan, US Economy permits bankruptcies as a regular course of business c) unlike Japan, US Economy depends upon consumption & spending d) unlike Japan, much US debt is owned by foreigners, with a trade gap widening e) unlike Japan, US Structured Finance has created a megalith monster f) unlike Japan, US Federal Reserve is a monetization machine on steroids g) unlike Japan, US institutions harbor widespread corruption h) unlike Japan, US maintains a pervasive interventionist attitude