On Aunties Radio National program:
"Asia-Pacific", today, I hear that a Yankee Bankers agent sent to
Thailand to "re-schedule the debt" of the sugar industry there got
himself shot dead.
John Ralston Saul, in his book: "The
Doubters Companion a dictionary of aggressive common sense", under the
entry "Debt, Unsustainable Levels of" lists three traditional methods
of resolving the problem: [1] execute the lenders; [2] exile them; [3] default
outright or simply renegotiate to achieve partial default and low interest
rates.
The Thais seem to have taken option 1 as the
only practical, achievable one and, I reckon the idea might catch on - option 1
may well become the most popular sport of the next millennium unless the New
World (dis)Order takes some action on point 15 of the entry which states:
"Our central problem is one of approach. For two decades governments have
been instructing economists and finance officials to come up with ways in which
the debt can be paid down and interest payments maintained.
No one has instructed them to propose methods
for not paying the debt and not maintaining interest payments. No one has asked
them to use their creativity in place of a priori
logic."
