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Daddy! Wake up! Where is all my money?
321Gold ^ | April 14, 2005 | Richard Daughty

Posted on 04/14/2005 2:13:58 PM PDT by Coyote

- The only thing that made me gasp this week was that the banks suddenly dumped $22 billion in bonds last week. Kinda weird, but things have been more weird, I think.

Of course, the Treasury is still issuing debt with both hands, bringing us to almost $7.9 trillion. The interest on the national debt totaled $321.6 billion in 2004, which works out to an average of 4.1%, and it, and the total debt, will obviously be higher this year.

- Nursing a killer hangover and flipping through the TV dial in my boredom, I ended up watching C-SPAN 2, which is this strange television station that shows what is supposed to be the floor of the U.S. Senate, and they have these actors portraying elected officials in this weird format where everybody is a nitwit. In this episode, I vaguely remember watching what is, I assume, a formal debate between two Republicans and two Democrats about the Social Security "crisis." It was painfully obvious that the Democrats, as is their brain-dead wont, are idiots, and they do not have the slightest comprehension of the issue, or, if they DO have the slightest comprehension of the issue, are not the least bit embarrassed to conceal the fact. The Republicans, although they were much more well-informed as to the problem, are equally moronic about how the stock market works, as is a crucial tenet of the Social Security Privatization, for which they are so hot to get passed into law.

Like I said; nitwits. For one thing, for all their preoccupation with Social Security, they don't even mention Medicare, which is, according to Comptroller General David Walker, "is a seven to eight times greater problem than Social Security."

and oh so much more....

(Excerpt) Read more at 321gold.com ...


TOPICS: Business/Economy
KEYWORDS: austrianeconomics; austrianschool; debt; deficit; federalreserve; fiatcurrency; frankfurtschool; inflation; monetaryinflation; priceinflation
Just one more eye opening provacative rant...


1 posted on 04/14/2005 2:13:58 PM PDT by Coyote
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To: Coyote
Great article and a real keeper, plus I used to think my sentences were long and now know I am just an amateur compared to this guy whose mom must have denied him his daily dose of school forced Ritalin like Kelly Preston is talking about these days, so his uncontrolled rantings now offer me a lot of sugar induced food for thought on whether I should just take my money and hide it under my mattress, not the king size one as can't get that down the stairs quickly should their be a fire and thinking back did the lady take the ten dollars and strip to her skivvies, dance the hootchie-cootchie and pant like a dog, fer if she didn't, she should have as she is going to need every undeclared 10 bucks she can get. Heck!(didn't want to offend anyone with Hell)I will do it for 10 minutes for $10 or for a full hour could make me a grand total of an undeclared tax free $60, and how many hootchies are in a coochie(?) as that could just be a starting point I could work from. So what was she so steamed about again?

Now I find I am so nerved up over reading this guy's article that I sent Coyote a private message instead of a public one.....Sorry! (I think I feel an anxiety attack coming on!)
2 posted on 04/14/2005 3:19:43 PM PDT by fight_truth_decay
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To: bray; ClintonBeGone; B58Hustler

Ping .......!cause this is a good article and a couple of you pinged me before so is my turn considering I don't have a ping hit list!


3 posted on 04/14/2005 3:28:50 PM PDT by fight_truth_decay
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To: Coyote
The only thing that made me gasp this week was that the banks suddenly dumped $22 billion in bonds last week.

As April 15 approaches, deposits are drawn to pay taxes. Its no suprise banks liquidate investments to cover.

4 posted on 04/14/2005 3:35:31 PM PDT by Raycpa
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To: fight_truth_decay
... I used to think my sentences were long ...

He's reminiscent of Gibbon:

The philosopher, who with calm suspicion examines the dreams and omens, the miracles and prodigies, of profane or even of ecclesiastical history, will probably conclude that, if the eyes of the spectators have sometimes been deceived by fraud, the understanding of the readers has much more frequently been insulted by fiction.

... master of the zinger

5 posted on 04/14/2005 10:39:12 PM PDT by dr_lew
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