Claude, > Dollars, I mean Federal Notes ... are only $500B worlwide. I think > with a lot of them in the US. So maybe only $50B-$100B is outside of > the US, possibly a lot less.
Actually, it is my impression, to the contrary, that there are more FRNs in circulation outside the US than inside. I don't have any sources to cite for this but I am sure I have read it many times. I am not sure what is true. > I meant $2.4 trillions not billions. Sorry. Ah. That makes more sense. > So. $2.4T is 40% of the US governement debt which is $6T > > In other words, US debt owned by foreign central banks as > reserves ($700B + Europe ?? + others) is a large portion of the > $2.4T debt, which live little for US debt in private hands. The issue of The Privateer that you sent me states that the EU holds about 1T in US debt (tho it doesn't say if that is all held by the governments...). That raises the total to 1.7T. I would guess that most of the remaining 700B is in private hands. That is not chicken feed but it IS a minority of the total. Best, CCS ------------------------------------------------------- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates - - http://speedypin.com/phonecard/start.mhtml?af=743 - ------------------------------------------------------- *************************************************** * Craig Spencer * * [EMAIL PROTECTED] * *************************************************** --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
