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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: Alan Whirlwind who wrote (30398)3/22/1999 2:51:00 AM
From: Investor-ex!  Read Replies (2) of 116779
 
Both government and private debt interest is owed to whomever holds the bills, bonds, & notes issued. Holders of the bills, bonds, & notes issued are largely the principals of the world's privately held central banks, who have the "privilege" of creating their handy-dandy debt-based "money" out of nada:

Chase Manhattan Bank of New York
Goldman Sachs Bank of New York
Israel Moses Sieff Banks of Italy
Kuhn Loeb Bank of New York
Lazard Brothers Bank of Paris
Lehman Brothers Bank of New York
Rothschild Banks of London and Berlin
Warburg Bank of Hamburg and Amsterdam

Don't worry, they'll try not to issue more debt than the world can bear, long-term. 'Course, they make mistakes sometimes...
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