From: Joseph Brunner (joe@affirmedsystems.com)
Date: Mon Dec 31 2007 - 15:38:59 ARST
The treasury bonds are I.O.U.'s written against the future taxes to be paid
by the citizens. As long as we keep working and paying taxes the treasury
(federal reserve) will be able to pay the interest on the bonds.
In a totally fair system the government couldn't borrow money from itself.
It could only spend what it takes in taxes each year- This is the key point
of Ron's argument. Again, it makes to much sense to be plausible to the US
Electorate. The moment some old socialist thinks their monthly stipend is
going to be cut, limited, or otherwise adjusted they will run out and vote
democratic. There is a good bumper sticker "Vote Democratic it's easier than
getting a job". Although I must say I'm not happy with the republicans
lately. I understand why they are running up these deficits... They are
doing exactly as they have been told.
Now let's get back to Cisco. BTW: I'm voting for Obama!
-----Original Message-----
From: Gary Duncanson [mailto:gary.duncanson@googlemail.com]
Sent: Monday, December 31, 2007 11:41 AM
To: Joseph Brunner
Cc: ccielab@groupstudy.com
Subject: Re: OT - RP in 2008
Interesting. So what exactly are the 'treasury bonds' worth in real terms
and what do they represent? I have seen the national debt of the US
increasing over the years. Will there come a point will the plug will be
pulled on spend, spend, spend (or is that burn, burn, burn fossil fuels) and
the whole country will disappear down the sink..along with everyone else?
Roll on 5/10 years I wonder what the financial landscape will be like.
WASHINGTON, Nov 7 (Reuters) - The U.S. Treasury Department said on Wednesday
publicly held U.S. debt breached $9 trillion this week for the first time
ever, just five weeks after Congress had raised the statutory borrowing
limit.
At the end of September, U.S. President George W. Bush signed a measure to
increase the debt limit ceiling to $9.815 trillion from $8.965 trillion,
allowing the government to keep issuing debt.
The increase in the debt limit is the fifth since Bush took office in
January 2001. The U.S. debt stood at about $5.6 trillion at the start of his
presidency.
----- Original Message -----
From: "Joseph Brunner" <joe@affirmedsystems.com>
To: "'Gary Duncanson'" <gary.duncanson@googlemail.com>;
<ccielab@groupstudy.com>
Sent: Monday, December 31, 2007 4:12 PM
Subject: RE: OT - RP in 2008
> Win?
>
> No chance. He is against the "US federal reserve". A private bank created
> by
> a cabal of bankers in 1913 to usurp congress and the treasury
> constitutional
> power of issuing money. Do some research on the federal reserve. Who
> created
> it, how it taxes us through inflation, removed the us gold reserves to
> Europe, Its one of Ron's key issues. There is a great book called "The
> Creature from Jekyll Island. Very important to understand this issue...
>
> American's have grown used to spending more than they make. This only
> works
> if the entire US borrows from other nations. We do this by selling
> treasury
> bonds (issued by the private federal reserve) to asia & the Saudi's. So
> Ron
> wants to stop the very core of the US economy - live large, spend more
> than
> we make, 1/20th of the worlds people burn half the world's oil and gas,
> save
> nothing, borrow trillions of dollars, never pay it back, repeat the
> process.
>
> -Joe
>
> -----Original Message-----
> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
> Gary
> Duncanson
> Sent: Monday, December 31, 2007 7:13 AM
> To: ccielab@groupstudy.com
> Subject: OT - RP in 2008
>
> Im trying to catch up on the latest betting for the US elections next year
> and
> Im finding lots of noise about Ron Paul not being covered by networks. I
> notice this fella is very popular in the online community, youtube
> etc..Just
> wondered if those of you in the US think he can win? Subjective I know but
> all
> the polls I seem to find get bashed for one reason or another.
>
> Happy New Year when it hits you by the way wherever in the world you are
> and
> best wishes for 2008.
>
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