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To: shades who wrote (26019)3/20/2005 12:59:08 PM
From: Crimson Ghost  Respond to of 116555
 
But in the 1930s much of the elite recognized that the pig out rich had to restrained to a certain extent for the long-run good of the system.

Quite a contrast to the situation we see today.

To put it mildly.



To: shades who wrote (26019)3/21/2005 3:57:45 AM
From: Amy J  Respond to of 116555
 
Shades, RE: "'Mr. Chairman, the United States is bankrupt: It has been bankrupted by the corrupt and dishonest Fed."

Why does this happen again and again?

What's up with this position? Maybe it needs to be eliminated or something. Fed Chairman's don't seem to understand a balanced budget.

RE: " Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasury making inventory arranging terms of liquidations!"

So much for being our friends.

RE: "'Roosevelt's next haul for the International Bankers was the reduction in the pay of all Federal employees. "

Good move.

Back to current times:

U.S. Relying More on Foreign Investors

By JEANNINE AVERSA, AP Economics Writer

WASHINGTON - America buys more than it sells and spends more than it earns. So who bankrolls the shortfalls? Foreign investors. The shortfall on all trade and investment income with the rest of the world swelled to an all-time high of $665.9 billion in 2004, according to the Commerce Department (news - web sites).
story.news.yahoo.com

If foreign investors were to lose some of their appetite in accumulating dollar-denominated assets at the current rapid rate and unload their holdings, the prices of U.S. stocks and bonds could plunge. And, interest rates — including those for mortgages — could soar.
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Regards,
Amy J