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Article #475Re: Can Rudd REALLY guarantee our savings for 3 years?
From: Benway
Date: Mon, 20 Oct 2008 10:27
Date: Mon, 20 Oct 2008 10:27
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2729 bytes
Lu R wrote: > "B J Foster" <bjfoster@yahoo.com> wrote in message > news:48fc4729$0$4451$afc38c87@news.optusnet.com.au... > > Lu R wrote: > >> How can a govt with a 20 billion surplus guarantee 700 billion in savings > >> for 3 years??? > > > > "the U.S. government has a technology, called a printing press (or, today, > > its electronic equivalent), that allows it to produce as many U.S. dollars > > as it wishes at essentially no cost. By increasing the number of U.S. > > dollars in circulation, or even by credibly threatening to do so, the U.S. > > government can also reduce the value of a dollar in terms of goods and > > services, which is equivalent to raising the prices in dollars of those > > goods and services". > > http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm > > > > A government can never go "bankrupt". It can always "pay" its debts by > > "printing" money > > Just like Hitler tried to and it cost $100 to buy a box of matches? Yeah Im > sooo relieved now... ******************************** The inflation got going before Hitler got into power. Him and his central banker mate did bring the inflation under control. But it was no "free" market solution. ********************************
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X-Google-Thread: 10a0c5,e18d7b06668a3755 X-Google-Thread: 1083c4,e18d7b06668a3755 X-Google-Thread: 105543,e18d7b06668a3755 X-Google-Thread: 10df0c,e18d7b06668a3755 X-Google-Attributes: gid10a0c5,gid1083c4,gid105543,gid10df0c,domainid0,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!postnews.google.com!g17g2000prg.googlegroups.com!not-for-mail From: Benway <captainoz@mailpuppy.com> Newsgroups: aus.consumers,aus.general,aus.invest,aus.politics Subject: Re: Can Rudd REALLY guarantee our savings for 3 years? Date: Mon, 20 Oct 2008 03:27:36 -0700 (PDT) Organization: http://groups.google.com Lines: 30 Message-ID: <ea3502f8-15d8-41d8-a70e-c1fb362e61e4@g17g2000prg.googlegroups.com> References: <48fc3bce$0$28216$afc38c87@news.optusnet.com.au> <48fc4729$0$4451$afc38c87@news.optusnet.com.au> <48fc5764$0$28216$afc38c87@news.optusnet.com.au> NNTP-Posting-Host: 149.171.93.91 Mime-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 7bit X-Trace: posting.google.com 1224498456 13965 127.0.0.1 (20 Oct 2008 10:27:36 GMT) X-Complaints-To: groups-abuse@google.com NNTP-Posting-Date: Mon, 20 Oct 2008 10:27:36 +0000 (UTC) Complaints-To: groups-abuse@google.com Injection-Info: g17g2000prg.googlegroups.com; posting-host=149.171.93.91; posting-account=TFoefgoAAAA5thp7I38C1v7xkI_DIG-n User-Agent: G2/1.0 X-HTTP-UserAgent: Mozilla/4.7 [en] (Win95; I),gzip(gfe),gzip(gfe)