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To: Gersh Avery who wrote (19363)7/4/1999 4:41:00 AM
From: Zardoz  Read Replies (1) | Respond to of 99985
 
History is good to read, when you know it will repeat itself. In my opinion, is on it's way. BOJ has proven that the currencies markets are still in turmoil. This following show & site was on PBS Friday, and I think it is well worth reading.

pbs.org
We have, what, 40% of the world in recession or depression still?

Hutch




To: Gersh Avery who wrote (19363)7/4/1999 8:46:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Gersh: **OT** The math the "talking heads" used after Clinton's speech was that the "supposed" surplus of 1.244 trillion over the next 17 years, (thru 2015) was to first be used to fund new Clinton spending programs totaling over 1.445 trillion. Then on top of that magical feat, he intends to pay off the nation debt which is over 5.6 trillion dollars currently and growing by the minute.

Talk about new math...the US Democratic Party at its best is socialism and at its worst...well I need to find another thread to state that...<g>

By the way, has anyone heard of anyone on TV (talking head) drawing the above rational conclusion that 1.244 trillion will not cover 7 plus trillion and growing?

The Outstanding Public Debt as of 07/04/99 at 05:40:31 AM PDT is:

5.639 trillion plus

brillig.com

Regards,
LG



To: Gersh Avery who wrote (19363)7/4/1999 11:02:00 AM
From: James F. Hopkins  Respond to of 99985
 
HI Gersh ; Thanx for taht one <g>
and re > When they talk about using the surplus to reduce the debt think "the idiots want to borrow their way out of debt." <<

They can do it too, if they kill the value of the Dollar,
they then pay back the debt with cheaper dollars.
How ever the Fed did just the opposite last summer and fall,
& we borrowed our way into a surplus, another oxymoron ?
Jim

God bless the U.S. of the IMF and remember Uncle Sam's Boss
is an investment banker and insurrance broker.