Sorry Ian, If any government that borrows from the IMF or some other lender fiat currency and has to repay the principle and pay interest on the amount borrowed they can never get out of debt to the IMF because the interest was never put into circulation with the principle.
In the economy of any country money comes into existence as debt to a bank as more and more people borrow they create a community pool of funds that feed and circulate through the economy until that money finds its way back to the banks as people repay the principle borrowed and pay the interest requested. The interest comes from the community pool of funds, which means that every time someone pays their loan out completely stops someone else from paying their loan off without further borrowing. If you are suggesting that it is possible for the Australian or New Zealand Government to get out of debt, then sir you are telling me they the Governments mentioned are printing USD as they need them to pay the interest owing. Remember the IMF wants back what it loaned plus the interest which it didn't loan. Jesus Perez --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.522 / Virus Database: 320 - Release Date: 29-09-03 --- 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.
