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Strategies & Market Trends : Australian Shares and ADRs
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To: James F. Hopkins who wrote (70)7/29/1998 2:17:00 AM
From: Moominoid   of 96
 
It's like if I planed to borrow 200 Billion, but I only had
to borrowed 180 Billion , I can call this 20 billion I didn't
borrow a surplus , well I can't but they can.

This is called a budget cut but hardly a surplus. At least not in any other country and I don't think in the US. One of the main US budget complications and obscurities in the US is social security which is treated in all kinds of ways in different budget figures.

The Australian government is planning to buy US government debt in the event it substantially reduces its debt. This way they keep a more liquid debt market in case they need it in the future.

Our Federal reserve is not truly a branch of our government, as
most people tend to think. It's a privet organization that tells us how much money we can print.

From my understanding it is a branch of government but has less oversight than say the Supreme Court in terms of approval of appointments by Senators etc. They have to print money (ie lend to the gov.) if the government demands it but they then can go and reduce the money supply again by selling government bonds they hold. So they have independence in that respect. Their profits on trading accrue to government revenue ( at least they do here).

David
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