IS THIS TRUE... & what part M$ ?

[UODU]

A Phone Call To The Fed
From Dan Benham

[avello500]

interesting. where did you find this?

[Calum]

is that a real telephone conversation? i am not sure a representative would really answer so many prickly questions from a caller in one sitting.

[Pissed_Macman]

how do you expect me to read all that??!! jeez!

[Nobber]

Interesting format in which to present the information, but there's nothing there that couldn't be gleaned from a decent introductory text on economics. (That's not to say it wouldn't come as a surprise to many people.)

[SpeeDFreaK]

I just finished that interesting read, and I had never thought of how the government is going to pay the massive debt it has been put into. $4 trillion dollars of debt...~$263 billion floating around in this country. I don't see it happening. Shenanigans i say.

[UODU]

G'day Guys,


'Avello500' I found it at (http://www.ganjatalk.com/forum/viewthread.php?tid=33)

Now don't laugh! Not all 'pot heads' are stupid... And the guy who set up this forum has done an exceptional job, and yes there are a few types who are doing the 'self for filling prophecy' thing but your reaction I would suggest shows an almost identical reaction by one of the other readers on that thread and in fact it seems to mirror my own.... Stunned belief, I don't know about you but I had actually read something once that said much the same thing, but it was making a point that the Reserve Bank was owned and run by Jews... now I'll say again I do not tar a whole race; nor a significant minority, with the same brush!


'Calum' If he's really concerned he might have... And it does have a ring of truth doesn't it!


'Macman: dumb retart' I know what you mean... because of my brain injury I use 'ReadPlease 2003' (http://www.readplease.com/rp2002download.phtml) to read it out to me... I'm sure Macs have got the same type of thing, it is worth listening to believe me... Whether or not it's true time may say but there is enough information for a person with a fully functional brain; and a desire to know the truth, to find out about it.


'Nobber' Interesting yes... It is, is it true? I'm of much the same view as you... Sounds plausible and with that plausibility comes the realization that this does put a put a new twist on the 'War on Terror/Iraq' doesn't it!


As for our old 'mate' Bill... His software is sooo necessary for 'their' fight against 'us' isn't it!

Regards
Braindead

[Nobber]

quote:Originally posted by SpeeDFreaK:
I just finished that interesting read, and I had never thought of how the government is going to pay the massive debt it has been put into.

Ah, but the national debt is not meant to be paid off to start with. (Perhaps the idea that it needs to be paid off stems from calling it a "debt". Bad terminology.)

Say you had a credit card debt, and instead of paying off the principal, you decide simply to pay off the interest due each month instead. That's how the national debt is tackled, too: just ensure you collect enough in taxes to pay off the interest. The principal can be safely ignored, no matter how large it is.

[Nobber]

quote:Originally posted by Braindead:
'Nobber' Interesting yes... It is, is it true? I'm of much the same view as you... Sounds plausible and with that plausibility comes the realization that this does put a put a new twist on the 'War on Terror/Iraq' doesn't it!

Well, the gist of it, i.e. that banks create money out of thin air, is true - and as I suggested, can be verified by consulting any decent economics text. Not sure about the twist on the War on Terror and Iraq, though...

[UODU]

G'day again 'Nobber',


Re: "the twist on the War on Terror and Iraq"

Being a cynic I believe it's all about money.... and what better way to boost the economy than by war (albeit illusory)... Look at the names of the people who own; yes OWN the Reserve Bank, look at their companies (& what they are into), look at how many of their ex-executives are now in the government at a fraction of their earlier wages and look at who's 'really' causing all the problems (forget the PLO etc.) in the middle east... It aint going to hurt their bottom line is it?