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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (33339)	10/4/1998 4:33:00 PM
From: Merritt	Respond to of 132070

PaperChase (I was going to use your initials, but I didn't want to start this note with an insult<G>): How can the U.S. do anything to help Japan, other than a few efforts to help prop up their currency? As you said, they're the second largest economy in the world. But the repatriation of their money is a very real problem for us, not only would it cause a dramatic increase in our bond rates, it would also probably signal the formation of a new economic bloc with the yen as the "peg"/reserve currency for all of Asia. We may be about to enter another "new world order." Currency controls may be the rule of the near future, along with regionalism/nationalism, and the formation of the Euroland, something of the old Soviet Union, the Islam nations (although I think they'll align most closely with the West) and the most dangerous of all, a new Asian bloc. The recession/economic disruption afflicting much of the world, can only increase civil tensions and unrest, which will only accelerate a regional/national orientation of the threatened governments. Just my own opinions, but something to watch out for, anyway.<G> Merritt