Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (38604)	8/8/1999 11:43:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Morgy, If we can buy out debt that is paying 12% (from the early '80s) and exchange it for lower paying debt, MORE POWER TO LARRY SUMMERS. By all means buy out that higher interest debt. It just a damn shame that US T-bills aren't callable. Instead, they have to be repurchased in a bidding process for the holders. What is most important is WHO holds the majority of the national debt. The key to the national debt is WHO we owe it to, not so much what we owe (though I don't ignore that aspect either). Where does the gov't park all of that money they are collecting from social security, which is currently taking in more than it is paying out?? They park it in T-bills, my friend. Gov't debt. They are not authorized to park it anywhere else which was the argument the republicans were making about putting a certain percentage into the stock market, or let people invest it for themselves. So even if SS would ever be considered "solvent" for perpetuity, there would still be a massive national debt owed those who have paid into the system in the form of those treasuries that were purchased with SS trust funds. (NOW MIND YOU: I'm not justifying the deficit or national debt so let's not digress there. I think it's ridiculous that we can't get a handle on govt spending and having a supposed budget surplus makes that even worse.) As for India, I agree with you. We are missing the boat there. The impediments to doing business are far less given that language is not such an obstacle. As for capital markets, they are developing. Far better than the "Red Chip" system used in China where only Chinese can possess ownership in Chinese stocks. Most of these economic problems in undeveloped markets seem to stem from the hesitation to permit foreign investors to make a buck. We put the money at risk and they seem to think they have the right to take it from us and screw us over. But someday they will prosper and their people will enjoy those things we take for granted. Regards, Ron

To: Bobby Yellin who wrote (38604)	8/8/1999 12:08:00 PM
From: goldsnow	Read Replies (3) \| Respond to of 116764

Why do many working people who are counted in the employment roles need to go to private agencies to get food for themselves and children? Why do so many americans..over 41 million .not have health coverage in this booming times? What would the hourly wage be if the government figures cut off the top five percent and the bottom five percent? etc>>>> And even more questions...Why these very same people spend thousand and many 2-3 thousand a year on cigarettes while on public assistance? Was any sick person ever turned-away from medical care, even self-inflicted? (drugs, alcohol, smoking) How many gamble that they do not need insurance, never were sick)? What would happen to crime and racial relations in next recession, especially a prolong one? As for Maklaysia and others -capital is on the move..as we discussed before American paustures no longer as green as they were at the start of the rainy season and overcrowded greezing produce epidemics, TB and economics..:)