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To: goldsnow who wrote (18857)9/14/1998 7:40:00 PM
From: Bucky Katt  Respond to of 116764
 
Have been absent this thread for a few months, but this following news clip shows just how they plan to "refloat" the world economy, and history shows how this will wash out>
>>Clinton called for the finance ministers and central bank chiefs from the Group of Seven (G7) industrial nations as well as 15 emerging market countries to meet in Washington within a month to craft long-term solutions to the financial crisis. (more debt)

He also said the industrialized world's highest priority should be to restore growth in a speech that closely tracked an address by Federal Reserve Board Chairman Alan Greenspan 10 days ago which was widely interpreted as opening up the possibility of a U.S. interest rate cut.
(please Alan, save my hide)
Top U.S. officials said the president was not calling on the Fed to cut rates, although he echoed Greenspan's language with great care and argued that there is now a greater danger of deflation than of overheating. (I have been waiting for this)

"This is the biggest financial challenge facing the world in a half century," Clinton said in a speech at the Council on Foreign Relations think tank in New York. (Trying to act important)

"Therefore, I believe the industrial world's chief priority today plainly is to spur growth." (Just think of the new orders for big printing presses, paper, and ink!)

The investment outcome is obvious. Still upticking away>>http://www.brillig.com/debt_clock/