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Article #1691Re: Surviving Hyper-Inflation
From: Gordon Hamachi
Date: Mon, 11 Jan 1993 22:15
Date: Mon, 11 Jan 1993 22:15
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John Grasham writes
> Just finished reading the book "Bankruptcy 1995" written by a man
> named Figgie who was a (reluctant) member of the Grace Commission.
>
> In the book, he predicts that around 1995-96, the interest on the
> debt (including all "off-budget" items which must nevertheless
> receive debt-service) will exceed revenues.
I read the book and it scares the hell out of me.
One nice thing about "Bankruptcy 1995" is that it contains a "Debt Buster's"
guide to action. It suggests all sorts of measures, such as writing or calling
representatives, organizing petition drives and letter-writing campaigns. The
book includes addresses and phone numbers for the President and Congress.
There are even some guidelines for staging media events.
As a first step, I wrote to my Senators, to:
tell them this is the most important issue now facing our country
warn that we are headed for economic collapse
ask what they intend to do about it
urge them to support fiscal responsibility
I recommend that you do the same. Invest 29 cents in your nation's future.
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Newsgroups: sci.econ Path: arc1-ca.pugleaf.net!sparky!uunet!haven.umd.edu!purdue!decwrl!adobe!usenet From: hamachi@adobe.com (Gordon Hamachi) Subject: Re: Surviving Hyper-Inflation Message-ID: <1993Jan11.221528.659@adobe.com> Sender: usenet@adobe.com (USENET NEWS) Organization: Adobe Systems Incorporated References: <1993Jan7.155202.28783@Arco.COM> Distribution: usa Date: Mon, 11 Jan 1993 22:15:28 GMT Lines: 23