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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (37465)11/24/1998 2:16:00 PM
From: JHP  Respond to of 132070
 
will ,i heard on the radio that russia has over 40 billion in US dollars on the street & they are the only means of exchange other than barter-- seems like those dollars will not be returning home soon-must be alot of other countries in the same position, hoarding us dollars-our- family in italy collects us bills & puts them in a jar and never spends them, this has been going on since ww2 regards, john



To: Mike M2 who wrote (37465)11/24/1998 5:59:00 PM
From: Ilaine  Read Replies (1) | Respond to of 132070
 
>>>>>Last year the US saved $260 billion dollars.<<<<<

Mike-and-Will, I could look this up myself, but maybe your source has this info, does the $260 billion include the following, some are obviously yes, others not so obvious to me:

1. Passbook accounts;

2. Certificates of deposit;

3. Cash parked in interest-bearing checking accounts, exclusive of money market accounts;

4. Cash parked in money market accounts, including those at brokerages;

5. U.S. Treasuries, e.g., T-bills, bonds, savings bonds;

6. Municipal bonds;

7. Gold and silver coins and bullion;

8. Equity in residence;

9. Equity in small business;

10. Money in retirement accounts that is invested in money-market or bonds.