Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (10542)	12/8/1997 10:52:00 PM
From: Bonnie Bear	Respond to of 18056

In economies where the black market prints currency, a lack of credit is not a problem. Barter works quite nicely. The use of the IMF to get the U.S. to pay for its own bills is quite clever. I wonder if the U.S. will be clever enough to figure out how to do this when our turn comes. I think it's called tariffs and protectionism. Ultimately, the elimination of gold-backed currency and the stock market crashes may create barter economies that operate in real property instead of stock. China has always worked this way, it is very capitalistic but it does not show up on a balance sheet. I know Japan is cutting deals with their trading partners to cut the banks out of the deal. If this is so, the ones with the most to lose are the multinational banks. This is where the real meltdown should show up for us to see a bottom.