Posted by Devo on February 19, 2009, 5:32 pm
so, where's the shortage.?
Print away! More! more and more!
and don't forget the "In God We trust" because we only have a pray now.
--
It's amazing what you can do. If...
you put your mind to it.
Posted by John A. Weeks III on February 19, 2009, 7:42 pm
In article
> so, where's the shortage.?
> Print away! More! more and more!
> and don't forget the "In God We trust" because we only have a pray now.
If you are somehow implying that there is a problem with US
currency, then you are a kook. To prove that, how about you
get all that worthless fiat currency that you have and send
it to me. I'll protect you from that worthless paper.
-john-
--
======================================================================
John A. Weeks III 612-720-2854 john@johnweeks.com
Newave Communications http://www.johnweeks.com
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Posted by josejarvie on February 26, 2009, 1:46 am
On Thu, 19 Feb 2009 14:32:03 -0800, in misc.consumers.frugal-living Devo
>so, where's the shortage.?
>Print away! More! more and more!
>and don't forget the "In God We trust" because we only have a pray now.
The interest the Treasury has to pay on the public debt is currently over 451
trillion dollars while the total
amount of the public debt is almost 11 trillion dollars. In December of 2008
alone the interest payment was
nearly one billion dollars. By contrast United States GDP in 2008 was 13.84
Trillion dollars. The interest
payments on the public debt are about 32 times the US GDP. The only way that
the Treasury department can
afford to pay the interest on the public and foreign debt is to print and sell
more bonds. Who will buy
these bonds? China has been the biggest buyer of Treasury Bonds but China's
economy is collapsing mostly due
to reduced U.S. consumer spending on Chinese Exports.
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> Print away! More! more and more!
> and don't forget the "In God We trust" because we only have a pray now.