From: Gary Duncanson (gary.duncanson@googlemail.com)
Date: Mon Dec 31 2007 - 15:48:59 ARST
hehehe.. everyone keep working and paying taxes!
Obama? I wonder if he can win. I guess we will have to see.
Happy New Year!
----- Original Message -----
From: "Joseph Brunner" <joe@affirmedsystems.com>
To: "'Gary Duncanson'" <gary.duncanson@googlemail.com>
Cc: <ccielab@groupstudy.com>
Sent: Monday, December 31, 2007 5:38 PM
Subject: RE: OT - RP in 2008
> 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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