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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (16211)	4/2/2003 3:51:43 PM
From: westpacific	Respond to of 89467

And pay attention to this paragraph.... HOW ELSE DO THESE ENTITIES EXPAND AT 20-30% WHEN NEEDED, DOUBLE IN FIVE YEARS AND ALWAYS FIND WILLING TAKERS OF THEIR PAPER? For those who still cavil at the thought, we commend the archive available “T-Account” explication by Doug Noland of Prudent Bear. If this does not satisfy, we recommend another try at Accounting 101 or better yet, take up some profession such as massage. Another fascinating benefit to the United States of having dual credit creation mechanisms is that the burden of Government Debt is drastically understated and misperceived. This is not the only such deception pursued, the entirety of the eventual debt burden attributable to Social Security and Medicare is also understated and misperceived. Looking at the actual Government Debt, only the “on the books” $3.7 Trillion actually shows. Add in the “Debt” issued to Social Security and Medicare and we go north of $7Trillion. Throw in the GSE’s and FHLB as well as Ginnie and we are well over $10 Trillion. That’s about 100% of GDP, usually the number marking the basket cases of the planet. For example, bankrupt Uruguay comes in at 85%. The Mortgage Bankers Association reported March 12 that “refinancings” as a % of total mortgage applications reached nearly 80%, a new all time record. Purchase volume is actually declining slightly. The refi number is up an astronomical 20% this month.

To: westpacific who wrote (16211)	5/6/2003 4:47:59 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

email sent to O'Reilly Factor on FoxNews I love this guy, but his view on France consumer boycott is clueless here is my email message to his network if anyone sees it on his show, please alert me I see his show sometimes, but not enough thanks, jim -------------------------------------------- Mr O'Reilly, I have loved your show, your views, your feisty style for many months but you seem to display ignorance of the USA's greatest weakness if we engage Europeans with a consumerism boycott, we invite disaster our trade gap and foreign-owned Treasury debts require $3 billion per day continued financing must come from foreign investors we do NOT hold a commercial gun at their heads as a powerful weapon they hold a financial gun at our deeply indebted head, to use at any time !!! if they stall on financing our debts, then our interest rates will rise take down our real estate sector, and an enormous recession will follow you are full of spin on this one, my sir / Jim Willie, Pittsburgh PA