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> I can think of two questions: since the govt can print its own money,
aren't the
> normal credit analyses meaningless? and doesn't this sound a lot like the
> internet stock mergers, where one billion $ company making losses 'prints'
more
> stock to take over another billion $ company making losses?
Well, Dan, I am sorry, but the statement you have made in the previous is
not the truth. The US Government Does Not have the authority to print it's
own money. So the question you have proposed is not valid. You Must find
out who has the authority to print money, and therefore in the process issue
debt to the American public, before you can issue a valid question. The
ones who have the authority to issue money do so at a cost. If $1,000,000
is printed, the US owes the authority, at the end of the year, $1,035,000.
Look at a dollar bill. It does not say "this note is legal tender for
Americans to use as collateral for currency earned" It say's, "This note is
legal tender for ALL DEBTS, Public and private". Money, as it is now
printed, is simply debt to the printers of the money.
Kohath
----- Original Message -----
From: TheGonch at MediaKat <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
To: Real traders <realtraders@xxxxxxxxxxxx>
Sent: Thursday, July 29, 1999 1:38 PM
Subject: Re: economy - Debt - or is it really?
> Sorry if I missed it, but I don't think you actually said anything
factual; you
> only disparaged my knowledge on the basis of a snappy email, which is a
rash
> judgment of character.
>
> Also, you seem to take every opportunity to change the subject, which was
> ownership of the debt, answered thoroughly by Gitanshu Bush.
>
> (Kohath, if you wish to provide any facts for discussion, I am all eyes;
> otherwise, my delete key is at the ready.)
>
> I do have a question about one paragraph of Gitanshu's reply:
>
> If the balance sheet of the USA was presented to any banker that just
stuck to
> government
> appointed rules and capital adequacy norms of lending applicable to
corporate
> loans or
> private individual loans, the banker would not loan the US Government any
money
> in this state
> of affairs.
>
> I can think of two questions: since the govt can print its own money,
aren't the
> normal credit analyses meaningless? and doesn't this sound a lot like the
> internet stock mergers, where one billion $ company making losses 'prints'
more
> stock to take over another billion $ company making losses?
>
> Regards
> DanG
>
> kohath wrote:
>
> > I would submit, Dan, that the Government would have Vasts amount of
monies
> > available for all the items you mention at a Maximum flat tax rate of
3%,
> > and could probably, if given enough Honest individuals, get by just fine
on
> > 1%. The tax rate 40 years ago was at 3%, for your information. You do
not
> > know the Real story about debt, money, etc, you are only reflecting what
you
> > have been taught to believe, without looking into the reality of the
> > situation and investigating for yourself! Any ten year old, taught even
the
> > most basic accounting principles, would agree that the accounting
situation
> > you have presented is baseless on fact. The only reason you "Buy It" is
> > because you have been taught to believe that the debt is far to
complicated
> > for the average American to understand. I have been in debt several
times,
> > and I'll guarantee you there was not once I went into debt that I did
not
> > know whom I owed the money to, how much the payment was, what, if any
> > pre-payment penalties were involved, and how many payments I needed to
make
> > to pay the debt off. Can you say the same about the "national debt"?
Do
> > you know. Does anyone who is supposedly managing this debt know. No!
> >
> > Kohath
> >
> > ----- Original Message -----
> > From: TheGonch at MediaKat <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
> > To: kohath <kohath@xxxxxxxxxxxxx>
> > Cc: Ira <ist@xxxxxx>
> > Sent: Thursday, July 29, 1999 1:10 PM
> > Subject: Re: economy - Debt - or is it really?
> >
> > > Ah, now I see, you did read my message, but you forgot your own
question,
> > > which was who has all this debt, and gets the interest...
> > >
> > > The question of where your tax $ goes is a bit complex for a
> > > 'shot-from-the-hip' email. But think about roads, weapons and
ammunition,
> > and
> > > salaries of government workers (oh, wait, that means some of us again!
and
> > the
> > > weapons are made by employees, so they are some of us! and some of us
own
> > the
> > > companies that make the roads and the planes and the bombs! there's
more
> > of
> > > us!)
> > >
> > > Hope this helps...
> > >
> > > Regards
> > > DanG
> > >
> > > Regards
> > > DanG
> > >
> > > kohath wrote:
> > >
> > > > Yes, I did, but lets face it, what you have stated does not make any
> > sense
> > > > whatsover, given the reality of the situation. Re-read the email I
> > sent.
> > > > If you don't get it, read it again. Your peculiar accounting
situation
> > > > would cause any company to go bankrupt, continually paying out
massive
> > > > amounts of ones income, (60%), with little if any return.
> > > >
> > > > > Kohath:Any more guesses?
> > > > >
> > > > > Guesses? What guesses? Do you have a pension plan? Do you have
> > > > > insurance? Do you save? Do you own stocks that have cash assets?
Do
> > > > > these not earn interest on Treasuries?
> > > > >
> > > > > Did you actually read what I wrote before you responded?
> > > > >
> > > > > Regards
> > > > > DanG
> > > > >
> > >
>
>
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