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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (960)	9/22/2003 7:15:14 PM
From: Jim Willie CB	Respond to of 110194

perhaps Japan and China and rest of Asia could be given California in exchange for their Treasury debt holdings / jim

To: mishedlo who wrote (960)	9/22/2003 11:36:32 PM
From: glenn_a	Respond to of 110194

mishedlo. Wonderfully reporting from Reuters again. Much like the curiously deceptive "housing bubble" article commented on here: Message 19321098 ... re: Argentina default, good ol' Reuters once again exercises in suspect analysis. Note the wording "Argentina debt offer sparks creditor fury". I mean think about it. That's like a headline in the City section of a newspaper "Heroin addict overdose sparks drug dealer fury"! What a ridiculous situation. After the IMF bent Argentina over and privatized her entire natural resource industry (GW himself lobbied for privatization of Argentina's water supply to of all companies Enron before elected President), significantly through bribing her corrupt politicicans, then left her banking system bankrupt, and reduced over 50% of her population to poverty, they have the "gall" to be left holding a bag of bad debts. I wonder how much "gall" Asian creditors will feel when the U.S. defaults on its debts in the forum of outright default or currency depreciation. I'm not saying Argentine society doesn't bear responsibility for her predicament, much like a cocaine addict also bears responsibility for their situation. But let's not have the drug dealer acting righteous about the overdose. Argentina should be able to declare bankruptcy under internal law, and rebuild her economy without the manipulative assistance of the IMF thank-you very much. All IMHO. Regards, Glenn