[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

ECO: Richest nation



PureBytes Links

Trading Reference Links

<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2614.3401" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV>
<DIV>&gt;In all this, we are NOT EVEN TOUCHING the principal amount owed 
(current &gt;figure  = $5.7 Trillion &lt;snip&gt;</DIV>
<DIV>&nbsp;</DIV>
<DIV>kohath wrote:</DIV>
<DIV>&gt;This is correct, and is in fact BS.&nbsp; See my previous email sent to 
RT.&nbsp; </DIV>
<DIV>&gt;My question to you, whom does the richest nation in the world need to 
borrow &gt;money from.&nbsp; A nation that is poorer than itself.&nbsp; Doesn't 
make sense, does it.&nbsp; &gt;So, You will see the answer to this in&nbsp;an 
email soon to come from RT.&nbsp; The &gt;question now is not Whom to do we owe 
all this money to but Why!</DIV>
<DIV>&nbsp;</DIV>
<DIV>Kohath:</DIV>
<DIV>This is being sent back to RT. I really do not have the time to get into 
your questions after this email - I would suggest a good look at public domain 
documents from OMB, St Louis Fed, and US Treasury - they are good starting 
points.</DIV>
<DIV>&nbsp;</DIV>
<DIV>1. You assume the US is the richest nation in the world is USA. This is 
wrong. Richest per capita income is not USA.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Any other definition of "rich" is subjective, and you are welcome to your 
opinion.</DIV>
<DIV>&nbsp;</DIV>
<DIV>2. You assume the rich (or the US) can borrow only from the poor. Nope. 
</DIV>
<DIV>&nbsp;</DIV>
<DIV>Any global system (of which the US, a capitalist country with free 
entry/exit of most goods and services) is based upon mutual co-existence. 
Thus,</DIV>
<DIV>a. Other nations can be - and are - rich, too.</DIV>
<DIV>b. Other nations can - and do - have surpluses, too.</DIV>
<DIV>c. Other nations can - and do - borrow from the US, even as the US is a 
net-debtor nation.</DIV>
<DIV>d. Poorer nations will - and do - lend to the US on mutually convenient 
terms (time value of money to them v/s to the US).</DIV>
<DIV>e. US can - and does - borrow from within itself; from individuals and 
companies that earn above-average surpluses and feel inclined to loan to the US 
govt.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Global fund flows are not a zero sum game as global standards of living, 
consumption and production increase with the passage of time.</DIV>
<DIV>&nbsp;</DIV>
<DIV>As to the Why we owe money, no comment.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Gitanshu</DIV></DIV></BODY></HTML>
</x-html>From ???@??? Sun Aug 29 14:16:51 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
	by purebytes.com (8.8.7/8.8.7) with ESMTP id OAA21965
	for <neal@xxxxxxxxxxxxx>; Thu, 29 Jul 1999 14:08:00 -0700
Received: (from majordom@xxxxxxxxx)
	by ml.nw.verio.net (970819888) id NAA24744
	for realtraders-sendemout; Thu, 29 Jul 1999 13:01:26 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
	by ml.nw.verio.net (970819888) with ESMTP id NAA24740
	for <realtraders@xxxxxxxxxxxxxxx>; Thu, 29 Jul 1999 13:01:22 -0700 (PDT)
Received: from hotmail.com (f91.law3.hotmail.com [209.185.241.91])
	by mail1.nwnet.net (970819888) with SMTP id NAA29441
	for <realtraders@xxxxxxxxxxxx>; Thu, 29 Jul 1999 13:01:21 -0700 (PDT)
Received: (qmail 53631 invoked by uid 0); 29 Jul 1999 20:01:20 -0000
Message-ID: <19990729200120.53630.qmail@xxxxxxxxxxx>
Received: from 216.164.233.199 by www.hotmail.com with HTTP;
	Thu, 29 Jul 1999 13:01:20 PDT
X-Originating-IP: [216.164.233.199]
From: "Howard Hopkins" <hehohop@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxx
Subject: Book Review: 
Date: Thu, 29 Jul 1999 16:01:20 EDT
Mime-Version: 1.0
Content-Type: text/plain; format=flowed
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:   

RT's,

Has anyone read Trader's Secrets by Adrienne Toghraie???  What did you 
think??  Worth $60??

Thanks,
Howard


_______________________________________________________________
Get Free Email and Do More On The Web. Visit http://www.msn.com