SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mcg404 who wrote (19986)1/3/2004 8:51:21 PM
From: Raymond Duray  Read Replies (1) of 81974
 
but am unable to follow the logic of the part below. Does it make sense to you?

I think Rivero was being a bit histrionic in this charge. The U.S. sovereign debt is a backed by the "full faith and credit" of the United States. This is generally assumed among financial cognescenti to mean the taxing ability of the Federal Government. I've never seen a T-Bond or T-Bill that declared that the bond holder had a direct call on any real estate within the interior of the Empire.

***
The crime w/r/t "the commons" is much better described by Robert Kennedy, Jr. in this fine j'accuse!

Message 19546197
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext