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To: Square_Dealings who wrote (257883)	8/27/2003 6:26:49 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

Mogambo-Guru-The Fed has been unusually reserved of late, considering that it has taken a back seat to the alarming activities of Treasury, which has been issuing, to use the numerically precise term, 'scads' of debt. This debt issuance is running towards $600 billion per, and by 'per' I mean not just an ordinary 'per year,' but an hysterically rabid "per freaking year, dude!" This number is technically far outside of the range of 'scads' for those of you who are not conversant with the subtle nuances of higher math, but it will have to do for the nonce, since nobody had ever coined a word to describe that much colossal issuance of debt, since historically it was always deemed to be impossible that any government would be so embarrassingly profligate and economically illiterate as to actually do something like that. But now, tired of taking a back seat to the Treasury which is having all the fun, the Fed jumped back into the fray, and last week Total Fed Credit jumped by, and I hope you are sitting down for this, because I was not and now I have a big bump on the back of my head where I hit it when I passed out from the shock of reading such a number, $14 billion. The dollar sign in the front indicates that those are, yes, dollars. And the 14 billion tells you how many dollars. So, yes, putting it all together and summing up, it truly is $14 billion United States dollars, and it is not some optical illusion. Now I know that this doesn't seem like a lot, as those of you who have had the misfortune of requiring medical attention of any kind realize is only about a three-day stay in any hospital, but remember that this is the original high-powered money, which the starting place for that fractional-reserve multiplier, and so you need to multiply that $14 billion by almost a hundred to get the new multiplied total. When you do that, and I did, which explains why my eyes are comically rolling back in my head and trained attendants are applying the paddles from a cardiac resuscitation machine to my chest and shouting "Clear!" in my ear so loud that I am having trouble listening for the pizza delivery guy to ring the bell, it is $1.4 trillion. Trillion! In one freaking week! "Clear!" Zzzzttt! 321gold.com