Declan Murphy wrote:
> On Oct 18, 10:28 pm, CL <flot...@yahoo.com> wrote:
>> Declan Murphy wrote:
>>> You say you pissed away your Manifest Destiny? Yes, yes, I understand.
>>> http://www.mcsweeneys.net/2009/9/25hahn.html
>>> Ouch.
>> That's, like, *SO* Bush Administration ...
> 
> Wishful thinking Charlie. Since Bomama was elected (thankfully), is
> Merika some less "obsessed with breasts. No breast is too massive, too
> bouncy, too tan, too exposed"? methinks not.

So, my being a leg and ass aficionado makes me unAmerican?  I wonder how 
"Walk over hear, dear, I'm feeling rebellious ..." would go over ...

> I just think its too late. The (fortunately USD$ denominated) debt
> will be repayable, but only by monetary financing, which will
> necessitate a lower UDS$/rest-of-world exchange rate than would
> otherwise be the case. Bretton-Woods is dead. "G20 stuff" is a
> temporary thang, and we will have 3 or maybe 4 currencies acting
> (simultaneously) as reserve currencies during the next 10-25 years or
> so. By that stage the US will probably represent about 20-21% of world
> PPP based GNP.

I found the following interesting:

http://news.bbc.co.uk/2/hi/business/8317200.stm

Suddenly, the solutions that worked in 1933 are back in vogue.  The same 
policies would go a long way to shoring up the dollar if practiced in 
the US, too.  Would probably make it easier for institutions to pay off 
their credits to the taxpayers.  I still say that a business school 
degree should be a hanging offense, though.

-- 
CL