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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (6970)	10/6/1998 10:58:00 AM
From: Joseph Beltran	Respond to of 9980

o.k. how about the japanese government issuing a "consumer credit card" to each citizen with (tax deductible) interest at 1% which can only be used to purchase consumer products? get them folks hooked on credit! that's what they need! hire cal worthington (and his dog, spock) to do a series of commercials urging the japanese to spend, spend, and spend. prior bankruptcy, no problem.

To: Henry Volquardsen who wrote (6970)	10/6/1998 11:05:00 AM
From: DMaA	Read Replies (2) \| Respond to of 9980

Did I dream this or did McGovern propose a similar "gift" the the American people if elected?

To: Henry Volquardsen who wrote (6970)	10/6/1998 9:19:00 PM
From: Step1	Read Replies (1) \| Respond to of 9980

gift certificates? Consumer credit card handed by the government? Are we really that desperate? The whole crisis does not come down to spending... Human nature will find ways to do what it wants to do, no matter what... Look at life under communism... Either a black market would develop for cashing the certificates in , instead of spending them or people will use them and save other cash if saving is what they intended to do in the first place. I think this scheme would be a total waste of time and money however the fact that it may have been considered suggests how deeply in it we all are. There is no quick solution to this problem, the system has to change first, the environment (rules, regulations, overcapacityA, debt burden) is at fault here and no amount of money thrown at it will solve it ...that is before the proper changes in the structure have been implemented. A good example, tax breaks but only temporaly... Put money into the system but leave the structure unchanged and revert to the old scale in a year or two.... What would you do? What was that old remedy they used in the Middle Ages? A good bleeding wasn't it ...? Asking people to spend and spend now in Japan, is akind to asking someone if they want to board the Titanic after it has struck the iceberg... IMHO sg