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To: TobagoJack who wrote (1834)	3/30/2001 1:33:24 PM
From: Arthur Tang	Read Replies (2) \| Respond to of 3256

Thank you, Jay. Your question of can they simply print some money, is that they do. For many years the excess deficit was never fully subsidized by treasury bonds. Just look at the total treasury bonds Japan owns(total only $1.3 trillion). Total deficit after Clinton is estimated at $5 trillion. Total treasury bonds in existence today is estimated at $2.5 trillion. When they have nobody buying the treasury bonds, Japan dictated the interest rate up to 22%. FEDS never tells, but Salomon got kicked out, for returning the bonds after they bid and taken possession. When they returned the bond unsold, FEDS give the job to Goldman(Sacks). The truth, no one wants to face.