European Tribune - Comments - Did the Lion Roar in the Night?

Did the Lion Roar in the Night? | 28 comments (28 topical, 0 editorial, 0 hidden)

Re: Under what absurd chicken littleism ... (none / 0)

The damage is likely to be several trillions of dollars and that could result in effective devaluation of our currency by the proportion of, say $3-$4 trillion in new money to what ever the current money supply is. That could possibly be made worse by trying to cover bad derivative bets gone bad. If you could put some bounds on these risks I would be very appreciative.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 2nd, 2008 at 11:31:50 PM EST
[ Parent ]

I should hope that it would result in a ... (none / 1)

... significant shift toward an Exporters currency. We have for far too long pursued an Importers Currency policy in service of the Military Industrial Complex and the Overseas Base Network.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Oct 3rd, 2008 at 12:01:44 AM EST
[ Parent ]

Re: Under what absurd chicken littleism ... (none / 0)

Agreed.

Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Fri Oct 3rd, 2008 at 01:17:30 AM EST
[ Parent ]

Did the Lion Roar in the Night? | 28 comments (28 topical, 0 editorial, 0 hidden)

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