U.S. foreign debt

[Rakesh Bhandari]

> Query: Is it not at least possible that such a colossus can for an
> indefinite
> period of time simply refuse to be "cut off"? The IMF grip on various
> third-world nations is not all that separate from the military weakness
> of those nations. Most discussions of the Russian economic distress
> sooner or later get around to mentioning all those atomic weapons
> under Russian control.
> 
> Or looked at another way: if some banks are "too big to let fail," what
> about a nation being "too big to foreclose on"?

Most well formulated question, Carroll. I wish I had put it so starkly in
some other exchanges I was having elsewhere.
Yours, Rakesh