I guess if we're going to play the economic warfare game, we might as well
play to win. Sooner or later we're all playing the China/India game anyway,
they have nearly two and half billion people between them. Then we can
lumber off into the sunset of the American century.





On Tue, Mar 31, 2009 at 8:39 PM, Gruss wrote:

>
> The bolder action for us is the big bet.  Given that only the US and
> China are large enough to re-capitalize the World we take advantage of
> Chinese risk aversion (see recent Chinese comments) to get the jump
> and offer to recapitalize Europe.
>
> Keep in mind that the US has trillions on the side lines.  Your banker
> buddy is proof of that.
>
> So the only question is, from a policy perspective, do we wilt and go
> into protectionism or do we take a swing from the back foot?
>
> That swing will mean a lot of US taxpayer money going to Europe.
>
> You got the cajones for that?
>


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