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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (19556)	12/26/2004 10:04:03 PM
From: Rational	Read Replies (2) \| Respond to of 116555

Jay: If you mean by "not viable" as being detrimental to U.S. interests in the long run (policy makers are all dead in the long run), then, yes, I concur. But, in the short-run, red-America will applaud a Congressional fiat voiding all international debt. The U.S. produces an abundant quantity of food and so Americans will not be hurt physiologically. They have stock-piled abundant quantities of Chinese made toys and goodies for play by their future generations. All that is vitally needed for a comfortable living in exurbia is gasoline. Bush thinks he has enough bombs to secure oil and Congress may go along that route to try to solve the deficit problem. Will Congress/Bush/Red-America prevail ultimately? Well, did Hitler and the Germans who supported him prevail ultimately? But did they stop trying that route to control the world? I don't see the U.S. Congress/Red-America will succeed ultimately. Did they succeed in Vietnam? Are they succeeding in Iraq? Sure many Americans predicted that the U.S. would not succeed in Iraq, but did that stop Red-America/Bush? Voiding international debt is viable/feasible in the sense that Bush/Congress/Red-America will see this as a solution to the twin-deficit problem. Rational