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Article #476Re: Can Rudd REALLY guarantee our savings for 3 years?
From: nofarkenway
Date: Mon, 20 Oct 2008 11:33
Date: Mon, 20 Oct 2008 11:33
30 lines
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2724 bytes
On Oct 20, 8:03 pm, "Lu R" <wh...@hotmail.com> wrote: > "B J Foster" <bjfos...@yahoo.com> wrote in messagenews: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/defaul... > > > 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... Do you really think that's terrible? So you clearly haven't taken a look at what that prices are like in Zimbabwe.
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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 Path: arc1-ca.pugleaf.net!g2news1.google.com!postnews.google.com!v16g2000prc.googlegroups.com!not-for-mail From: nofarkenway@gmail.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 04:33:27 -0700 (PDT) Organization: http://groups.google.com Lines: 30 Message-ID: <ecfa70df-328d-4ad7-899a-d581d4efcbe8@v16g2000prc.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: 220.157.88.33 Mime-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable X-Trace: posting.google.com 1224502407 18225 127.0.0.1 (20 Oct 2008 11:33:27 GMT) X-Complaints-To: groups-abuse@google.com NNTP-Posting-Date: Mon, 20 Oct 2008 11:33:27 +0000 (UTC) Complaints-To: groups-abuse@google.com Injection-Info: v16g2000prc.googlegroups.com; posting-host=220.157.88.33; posting-account=B4Ji0AoAAAB6kxqsS3NHWu9Hg1-1mLPa User-Agent: G2/1.0 X-HTTP-UserAgent: Mozilla/5.0 (Windows; U; Windows NT 6.0; en-GB; rv:1.9.0.3) Gecko/2008092417 Firefox/3.0.3,gzip(gfe),gzip(gfe)