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<DIV>
<DIV>>In all this, we are NOT EVEN TOUCHING the principal amount owed
(current >figure = $5.7 Trillion <snip></DIV>
<DIV> </DIV>
<DIV>kohath wrote:</DIV>
<DIV>>This is correct, and is in fact BS. See my previous email sent to
RT. </DIV>
<DIV>>My question to you, whom does the richest nation in the world need to
borrow >money from. A nation that is poorer than itself. Doesn't
make sense, does it. >So, You will see the answer to this in an
email soon to come from RT. The >question now is not Whom to do we owe
all this money to but Why!</DIV>
<DIV> </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> </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> </DIV>
<DIV>Any other definition of "rich" is subjective, and you are welcome to your
opinion.</DIV>
<DIV> </DIV>
<DIV>2. You assume the rich (or the US) can borrow only from the poor. Nope.
</DIV>
<DIV> </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> </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> </DIV>
<DIV>As to the Why we owe money, no comment.</DIV>
<DIV> </DIV>
<DIV>Gitanshu</DIV></DIV></BODY></HTML>
</x-html>From ???@??? Sun Aug 29 14:16:51 1999
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From: "Howard Hopkins" <hehohop@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxx
Subject: Book Review:
Date: Thu, 29 Jul 1999 16:01:20 EDT
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Status:
RT's,
Has anyone read Trader's Secrets by Adrienne Toghraie??? What did you
think?? Worth $60??
Thanks,
Howard
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