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To: Abner Hosmer who wrote (8313)	3/14/1998 2:43:00 AM
From: PaulM	Respond to of 116770

Thomas, I thought Japan was already running a huge deficit? No? And without raising interest rates, how much more can they borrow? ...... But how can they raise interest rates given the credit crunch? No acceptable solution IMO.

To: Abner Hosmer who wrote (8313)	3/15/1998 12:37:00 AM
From: PaulM	Respond to of 116770

Thomas Regarding China Devaluation U.S. Bargains with China......... kitcomm.com Could be related to this story......... dailynews.yahoo.com I'm an American first and a gold investor second. But I can't help but wonder whether all the concessions this adminstration makes for the economy and business at the expense of little folk won't come back to bite us later on. William Greider, the author of "Secrets if the Temple," wrote a book last year you may enjoy reading called "One World Ready Or Not." The basic thesis seems to be that history is repeating itself in that un-checked capitalist interests are on a "coillision course" with themselves which will result in a depression like era. Specifically, overcapicity and over investment are based on overly optimistic assumptions about demand. The radical readjustment may give rise to fascist like tendencies among the common folk again. A good read.

To: Abner Hosmer who wrote (8313)	3/16/1998 8:00:00 PM
From: goldsnow	Respond to of 116770

>>The question in my mind; is Japan going to have to make the shift to deficit spending in order to recover, perhaps even becoming a debtor nation in the process?>>> Tom, this is a very old and ever valid question.. Can the country, especially old and large change by the will of the gvnm. I submit not..Could Rome change? "Great" Britain? French Empire? Were they changed or just change by history? Attempt to fundamentally change a country like Japan would be similar to trying change a plug in a running engine of the flying F-16. The major philosophical problem that most of the nations have is profound American misunderstanding and therefore stubborn insistence that other countries and people should be like America.. "I want to be like Mike" does not imply that one is or can be Mike Mike.. Japan will go down the history like many great nations before it under burden of problems that can not be solved..History is already making room for a new..