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To: GST who wrote (71730)8/4/1999 3:55:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
>>The US is dependent on the charity of strangers -- get used to it --

They're buying protection with US Treasuries. Full faith and credit of the world's only superpower. Their contract is sound. No other currency can offer that. This is Pax Americana.



To: GST who wrote (71730)8/4/1999 4:01:00 AM
From: dbblg  Read Replies (1) | Respond to of 164684
 
>>and the 'surplus'? With the market heading south
there may not be one.

The market won't affect the surplus much. The total inability US politicians (and by extension the public) are demonstrating to maintain fiscal discipline without a big scary deficit to keep everyone in line is another matter...


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