Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Shirley Owen who wrote (8863)	3/1/1998 8:54:00 PM
From: Bill Jackson	Read Replies (2) of 14627

Too bad you did not adjuducate over Mulrooneys case, on goes the black skull cap...... In truth the dbt really started with the liberals, but the high interest and debt with Mulrooney compounded it annually by 20-40 billion. Now if we paid nothing it would compound at around 7% on 600B is around $42 billion annually. We cannot inflate out as there is too much short term debt that would flee and make the dollar worth 15 cents. That might not be too bad, as all exportes would get US $, domestic stuff we could afford and imports we could not. The clever Swiss have a law on the book that says "no national debts", US states are the same. If they want to build a thing the raise a bond issue and the lenders are the risk takers. Here we have multi tiers og government all raising debt and many hide it in crwon corporations. I wonder what ugly things will crawl out of the NDP rock in BC after they have gone. Huge hidden debts. Did they think they would stay in power forever and hide it forever? That annual interest we pay along with debt payments mena we need about 25 years to retire a 600 billion mortgage at 7%, paying interest plus 20 billion per year, more or less. It is true that the GDP will grow at 3% more orless and that will make us double in about 25 years so the burden and taxes could be accelerated. After that we should legislate zero dfebts and absolute majority for elections. None of this getting elected with 29% when 6 others all get somewhat less, so we get a splinter like the NDP getting into power here and there and wreaking havoc with corruption. I almost think Canada is ruined as we cannot ever overcome the back rooms and power politics. We also need a $200 fee per vote. That would get the vote out, and also spread some money around evenly every 4 years or so. Bill

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