| Craig Bellamy on Thu, 24 Oct 2002 04:29:57 +0200 (CEST) |
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| RE: <nettime> Flash: Currency Speculators Own Planet |
>If he actually won the presidency, the markets' reaction >would be so negative that the country would have to declare a moratorium on >its huge $260 billion foreign debt. This amount is not that large (I presume that it is in US dollars). My own country Australia has a debt of about AUS$500 billion. Our GDP is about AUS$420 Billion. Our government has no debt, but the rest of the debt is in private hands of our wonderful consuming citizens. This will result in a huge personal crisis when the economy finally falters. Bookmark this page. The milkbar told you so! Craig Craig Bellamy PhD Candidate School of Creative Media RMIT University Melbourne, 3000 Victoria, Australia www.milkbar.com.au "torturers know how to give up their seat on the metro, just like Himmler" Camus # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: [email protected] and "info nettime-l" in the msg body # archive: http://www.nettime.org contact: [email protected]