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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (500514)	11/29/2003 2:28:49 PM
From: DavesM	Respond to of 769667

money is created by debt.

To: CYBERKEN who wrote (500514)	11/29/2003 2:32:20 PM
From: hdl	Read Replies (2) \| Respond to of 769667

I received "A"s in economic honors program. Dollar was worth 300 yen, 4 marks, etc. American autoworkers, teachers, nurses, bus drivers were rich. U S made cars for the world. Middle class Americans traveled and easily lived better than the locals. They stayed at, ate at the most expensive places. U S was biggest creditor. Now, U S is biggest debtor. We are losing our independence. Creditors have power. We are dependent on imported oil. Foreigners own U S bonds.