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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (19152)	9/28/2003 3:50:24 PM
From: Ahda	Read Replies (1) \| Respond to of 82035

SA our system and our politicians speak to the publics emotions. If someone gets up there and states look buddy we have one big problems our economy is just to costly. That means you are not going to get a raise and neither is that overpriced CEO going to keep his job. We can't afford to compete in the world unless we lower our costs. This is going to be a lean machine trimming costs and that just might mean that your 1M house is going to be worth half that. You kids however aren't going to have this debt, we are giving them the future. You would have a run on birth control pills as well as banks, if anyone had the courage to state that. People are selfish they vote for what they feel will benefit them now, rose coloured feels good.

To: sea_urchin who wrote (19152)	9/28/2003 4:50:47 PM
From: philv	Read Replies (3) \| Respond to of 82035

Dammit Searle, there has to be consequences to fiscal mismanagement and debt. But I know where you are coming from, because todate there has been no adverse consequences other than a rising debt. As a matter of fact, the debtor has been rewarded with the lowest interest rate (preferred customer) in history. Sure, the system is dishonest, and Greenbackscam mumbles incoherent unconnected sentences, ever qualifying everything he says, and all is well. "The economy should see a protracted increase in GDP provided that......" "It might rain if it clouds over". You won't hear the politicians talk about the debt, because then they might have to offer some solutions like serious cut backs in govt services, military budgets etc. Quite the opposite, they want to increase pensions, medicare, military, whatever, and the genius himself, Mr. Greenspan, will magically cover it. I know it is corrupt, dishonest at best, and this game has been on-going at an ever increasing rate for generations. But I believe things are different now. The US has lost its preeminence in manufacturing, its huge lead in free enterprise, in education, in "good old American know how" in morality, and in savings. Those cushions are deflated. The ones that they remain in world leadership are military might, paper shuffling, money printing, and debt accumulation. How long will the rest of the world go along with this? It will go as long as it is convenient for them. The US can now be held as an economic hostage, Asians can exert influence subtly or outright, and the economic weakness of the US will become apparent. The US is not universally loved. The US needs 1.5 billion dollars a day just to cover the trade deficit. That's just a start. Foreigners are financing the US standard of living by lending them money through buying up all kinds of US paper debt instruments. If debt doesn't matter, go out and borrow all you can. You will soon find out that they actually want interest payments and may even want you to pay it back! If it doesn't matter, why is Bush now humiliating himself before the UN and his despicable sworn enemies such as France & Germany, begging them for financial aid? Besides, you haven't covered yourself in glory by saying that Bush agrees with you. ggg.