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Old January 20th, 2004, 07:59 PM
john
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Default How US helped Iraq build deadly arsenal

On 20 Jan 2004 00:56:38 -0800, (Tchiowa) wrote:

john wrote in message . ..
On 19 Jan 2004 16:59:04 -0800,
(Tchiowa) wrote:

john wrote in message . ..
On 18 Jan 2004 19:22:00 -0800,
(Tchiowa) wrote:

john wrote in message . ..
On 17 Jan 2004 16:12:04 -0800,
(Tchiowa) wrote:


snipped


what shaped those things you are so convince about - it is not a simple
matter and sometimes means the difference between life and death for some.
Including us.

Compare any of your complaints to what happened to promote communism
and socialism and the abuses that have happened under those systems.

Do you know how many countires around the world that have ripped off
by the US capitalistic system.

None.

Now ask if I know how many countries tried to claim that they had been
ripped off to mask their own incompetence and corruption. Answer,
quite a few.

The US banks, in trying to influence many counties to join free trade
organizations and become fledging adherents to capitalism, have ripped
off these countries when their currency failed and their economy went
down the tube.

Utter nonsense.

Malaysia is a good example.

Perfect example of what I stated above. The "Asian Flu" economic
meltdown was entirely the result of corrupt and incompetent governance
by Asian banks and governments.

The US banks invested. The investments went down the tube.

What happened then?

The US bailed out the US banks when the US banks should have been
required to absorb their losses.

Interesting fantasy.


For Chist sakes, educate yourself.

I have. Only I deal in reality, not some ideological fantasy.

Here's capitalism at work-the IMF Bailout bailout of foreign banks in
the Far East.

But in many IMF deals with troubled countries, the international banks
escape any loss as the governments are asked to assume the private
sector's external loans.

This has crucial significance for the Asian crisis, because in
Thailand, Indonesia and South Korea, most of the existing foreign
loans were contracted by the private sector.

Indeed, a large part of the massive IMF-coordinated loans to the three
Asian countries may not even end up there. Many billions of dollars of
the "bail-out funds" will simply be transferred from the IMF to the
governments for re-channelling to the international banks to service
mostly sour private-sector loans.

But the market principle of "let those institutions that made a
mistake pay for it," so sacredly held to and insisted upon by the IMF
for local institutions, does not seem to apply to the international
banks and institutions.

Good morning!!! What does that have to do with "Capitalism"?????? Do
you know what the word means?????



Let me spell it out for you.

Capitalism is SUPPOSED to subscribe to the market principle that"let
those insttutions and companies that made a mistake pay for it."


KEY PARAGRAPHS OMITTED FROM REPLY

************************************************** *****

In reality, however, the capitalists always have their hand out crying
to be bailed out by the government.

For example, the Chrysler Corp. various S&Ls, big US and foreign
banks, etc.

************************************************** ****

Why did you omit these statements?

Didn't you have a response to theM?

That's called "Free Market".

Does having a free market make capitalism work better? Absolutely! Are
they one and the same thing? No.