Yeah, I was wondering about that actually.
On Tue, Oct 26, 2010 at 9:14 AM, CeJ wrote:
> The NYT ran a correction that 1995 article--the Japanese had lost 400
> BILLION on their overseas dollar holdings, not million.
>
> And that was 1995.
>
> CJ
>
> __
The NYT ran a correction that 1995 article--the Japanese had lost 400
BILLION on their overseas dollar holdings, not million.
And that was 1995.
CJ
___
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And while on my 80s nostalgia/obscure agit-prop kick (I suppose I
could have posted this to the barter-money thread).
http://www.youtube.com/watch?v=r7Bq9YdDVc8
Style Council Money-go-round Lyrics
It's no good praying to the powers that be
'Cause they won't shake the roots of the money tree
No
RE: Why the IMF Meetings Failed
Quote from the IMF piece posted earlier:
>>So other countries are obliged to solve the problem on their own.
Japan is holding down its exchange rate by selling yen and buying U.S.
Treasury bonds in the face of its carry trade being unwound as
arbitrageurs pay back
http://michael-hudson.com/2010/10/why-the-imf-meetings-failed/
Why the IMF Meetings Failed
October 11, 2010
By Michael Hudson
And the Coming Capital Controls
“Coming events cast their shadows forward.” – Goethe
What is to stop U.S. banks and their customers from creating $1
trillion, $10 tri
