Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: philv who wrote (18373)	5/24/2003 4:46:28 PM
From: sea_urchin	Read Replies (1) of 81971

Phil > I see money creation through debt the single biggest monetary problem and the reason to be positive re: POG. It will take a lot of gold to "back" this lot. sfgate.com >>>Congress is sending President Bush a record $984 billion boost in the government's authority to borrow money. The Republican-led Senate's approval in a largely party-line, 53-44 vote Friday completed Congress' work on a measure that will let lawmakers avoid the politically sensitive issue until sometime next year, when another increase in borrowing authority will be necessary. Congress had breached the current $6.4 trillion limit on borrowing early this year, and the government has averted an unprecedented default only by having the Treasury Department shift money from various funds it oversees.<<<

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