Belmont Club

By Richard Fernandez

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The Library of Babel

August 18, 2008 - 5:53 pm - by Richard Fernandez
buddy larsen
2008-08-19 00:44:22

@Starling: compliments on the very strong & engaging letter. May it work. BTW, if i may, how are things in the mideast? How is ”Georgia” settling on the young students? Thanks in advance for any reply.

@S (from prev): Thanks S –good reply imho. Some few items on which I must’ve written unclearly earlier, as I was misinterpreted, but I’ll leave it off this new thread, maybe for another time. Do have to say, i was not defending current debt levels except to object to presentation as nigh-insoluble. Here’s what you may be missing: people around the world are invested in USA system, and will continue to be, despite some inflationary loss of purchasing power (as long as it’s in the channel). Reason is USA political reliability and strategic depth –rule of law, redress, hearing, due process, a myriad of positives that the Rus invasion only highlights and lifts in value. As evidence i cite long bond rates (and yessir, I have heard all rationales already many times over, and wish to remind that in the end a number is a number).

@ash: (prev thread) plainly i was using a parallel construction to better flow the reader along –see context –but thanks!

sorry for the o/t –had to answer somewhere –please return to your regulary unscheduled deprogramming.