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From: "Bosco D'Mello" <[EMAIL PROTECTED]> wrote: To: <[EMAIL PROTECTED]> Sent: Sunday, October 17, 2004 5:13 AM Subject: [Goanet]Re: India to use FX to improve infrastructure.FT.Com > > Buying US T-bills only benefits Americans to drive their country further into > debt as Eric pointed out a few weeks ago. Wonder what would happen if some large > holders (Japan) of T-Bills suddenly decided to cash them in ?? > > Whadya think Gabe, Mervyn - our resident financial experts ?? > > Best wishes - Bosco RESPONSE: Me thinks and me believes Mervyn thinks same: the day of reckoning is drawing nigh. Although it won't be truly horrible, it will set back the World economy. When and if USA sneezes, the rest of us will catch a cold. There was a time before when the situation looked grim but Bill Clinton's Govt. did a pretty good job. Bush and his advisors are putting, not only the USA but the whole World in jeopardy. I think over the next 20 years other economic giants will awaken to take the strain. We can only hope and pray. cheers, Gabe.
