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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (26012)	2/8/2005 1:29:10 AM
From: jackjc	Respond to of 110194

Well the payroll tax dollars are gone and it is fraud to you and me, but technically not to the gov as they can declare their piece of paper an 'asset' equivalent to the cash spent, to be 'redeemed' (implies receiving equivalence). I agree completely the gov would have borrowed or printed anyway, but somewhat less because of the massive numbers, as you say. The gov takes the easy way, most people accept it or do not understand it or do not want to know the bad news. And in delaying the bad effect, we are all caught up in the charade. At least we who gamble in PM stocks have a good chance to have a better retirement. Notice I didn't say 'invest', but you have to SELL the spikes.