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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: The Vet who wrote (22697)3/19/2005 5:47:37 AM
From: GUSTAVE JAEGER  Read Replies (1) of 80994
 
Re: The game goes on for as long as the "other nations" finally figure out that a vault full of US denominated debt printed up without limit doesn't actually "enrich" anybody except the country that managed to trick them to exchange it for real wealth.

Ever heard of "Debt/Equity Swap"? The US is still a wealthy borrower --clue:

Foreign investors held more than 38 percent of the $4 trillion in U.S. Treasury bonds, but only 11 percent of the $6.1 trillion in agency bonds (such as those issued by Fannie Mae and Freddie Mac); 23 percent of the $6.5 trillion in corporate bonds; and 11 percent of the $15.5 trillion in equities outstanding.

foreignaffairs.org

$15+ TRILLION in equities outstanding!!! If you can no longer pay off your mortgage, you'll have to hand over the house's keys to your bankrollers.... Of course, it won't change much for you: you'll keep on paying... a RENT instead of a mortgage.
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