Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (18403)	5/26/2003 7:26:56 AM
From: mcg404	Read Replies (1) of 81973

Searle:<The debt is the money and you can't take it out.> When someone defaults on a debt obligation, doesn't that money get taken out? <...precious metals (which, incidentally, don't pay any dividend or interest).> I'd argue that it's debatable if paper money ever 'pays' interest. Of course, i'm thinking in terms of real interest. Doesn't it make more sense to view that interest payment you receive simply as compensation for the on-going devaluation of your money via inflation? (And the interest rate is always less than the inflation rate.) John

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