Date: Mon, 14 Apr 2008 19:39:21 -0700 (PDT) From: Mervyn Lobo <[EMAIL PROTECTED]> > Mario, In the last few years; 1) N. Korea has become one of the handful of members of the nuclear club. > Mario responds: > Yet, it cannot feed its own people without handouts from other countries. > Mervyn writes: > 2) Venezuela has been providing subsidized oil for the poor in the USA. > Mario responds: > In spite of all their God given oil, the poverty rate in Venezuela is 60%. > Mervyn wrote: > 3) China has been buying treasury bills to finance the budget deficits of the US. > Mario responds: > You make it sound like China has some Marxist money tree with which it buys US Treasury Bills:-)) The fact is that China's economy is being propped up by imports by the USA. Every country that has a trade surplus with the USA has little choice but to hold these surpluses in US Treasury Bills in the short run. > Mervyn wrote: > Given the above record, as a Goan, I am waiting for the Goan Marxists to revolutionize Goa too :-) > Mario responds: > When the above record is put in proper context, you may be waiting until the proverbial cows come home:-)) > Mario. > "A communist is someone who reads Marx. An anti-communist is someone who understands Marx." - paraphrasing Ronald Reagan.
