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To: Maurice Winn who wrote (45123)	1/22/2004 10:44:19 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

You're touching the easier part. How about the special set of circumstances that it is the center of my argumentation? I touch the most difficult part, a part that I have a clear understanding about. The gentleman's agreement signed in Bretton Woods is part of the circumstances. The gold standard and the fixed exchnage rates were part of that set of circumstances. Those circumstances having disppeared the stauts quo is not longer tenable. There were tiny countries that -during the particular time, when those circumstances were valid, that achieved a level of developemnt and wealth that were not warranted by the natural reocurces. Celevr people in those countries sized the circumstances to their own advantage. Of course, tax heavens would benefitted greatly during the pos-war period. But they are going to end up like a Monaco. All of them. The script is written but the time it will take time to get there. But there is not turning back or alternative. Yes, natural resources

To: Maurice Winn who wrote (45123)	1/22/2004 10:50:19 PM
From: elmatador	Read Replies (2) \| Respond to of 74559

<<The USA is very special in labour laws, securities laws, property laws, freedom laws, the political will to back them and a lot of other things>> Sorry. This is not special at all. Nigeria could reproduce this tomorrow morning by decree. Iraq could have that by Monday by an imposed constitution. Exactly was done with Germany and Japan post WWII. Those very special things the US use to have are being undermined right now!!! Mao was the first guy who recognized one fact: The US is a paper tiger! Why the US has a Hollywodd and no country can have a Hollywood and holly wood can;t be reproduced anywhere in the world? Because the US is the only country that needs a Holywood. But we don't believe in Hollywood, do we?