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To: Bilow who wrote (9658)11/28/1997 8:06:00 AM
From: Jack Clarke  Read Replies (1) | Respond to of 18056
 
Carl and all:

Yes, Japan's Insurance companies may be technically bankrupt. Yet Japan assures the world that they will give financial aid to S. Korea!

biz.yahoo.com

Isn't this the non-swimmer diving in to save the drowning man? I guess I'm too simplistic a thinker; I may need to be re-educated in "New Finance", but where is all this money coming from? How long can the central bankers and governments keep punching buttons and creating money to send back and forth to bail each other out? As I understand it in my simple mindedness, we create some money, send it to bankrupt foreign countries, so they can use the money to buy back things from us and more importantly to lend back to us by buying our bonds.

I also don't understand why it hasn't ended by now or what it will take to finally let everyone rediscover that two plus two equals four.

This is a serious request. Any help to educate me will be greatly appreciated.

Jack