--- In [email protected], "Cliff" <[EMAIL PROTECTED]> wrote: > No is the correct answer, as far as I'm concerned. But there > are donors out there who I'm sure will swear on a stack of > Gitas that this will be the safest, most secure investment of > all time. And then they'll conveniently forget when the bonds > default. > > What discount rate would you assign?
Whatever the net value of the TMO assets are and then the discount rate would be whatever that amount is as a percentage of the $600 billion. But that's assuming those assets will be in existence at the time the bonds come due which is when? 20 years? Who knows what the net value of the TMO assets will be then...probably zero...so you're probably right: they're worthless. > > --- In [email protected], "shempmcgurk" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "Cliff" <[EMAIL PROTECTED]> > > wrote: > > > Precisely zero, I believe is Peter's point. > > > > > > > > Com'n...certainly we can assign SOME sort of discount factor to > > those bonds, no? > > > > 50%? 10%? Even 1%? > > > > Well, maybe you've got a point. At 1%, they'd be worth > > $6,000,000,000 and I'd be hard-pressed to imagine anyone paying even > > that much. > > > > Assuming the colatteral for the bonds would be the worth of the TMO > > and assuming that to be about (and this is a complete guess) $1 > > billion, then the discount factor for the bonds would be about > > 0.175%. > > > > > > > > > > > > > > --- In [email protected], "shempmcgurk" > > <[EMAIL PROTECTED]> wrote: > > > > --- In [email protected], Peter > > <[EMAIL PROTECTED]> > > > > wrote: > > > > > > > > > > > > > > > --- Rick Archer <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > on 8/11/05 5:35 PM, Peter at > > > > > > [EMAIL PROTECTED] wrote: > > > > > > > > > > > > > Vedic bonds? I don't think so! No reputable or > > > > > > > disreputable financial institution is going to > > > > > > touch > > > > > > > anything in the movement. They'll do their due > > > > > > > diligence and very quickly conclude that the TMO > > > > > > and > > > > > > > MMY are profoundly unstable and an exceedingly > > > > > > high > > > > > > > financial risk. > > > > > > > > > > > > Reminds me of something I heard Benny Feldman say on > > > > > > the KHOE radio station > > > > > > here. He was pitching some sort of world peace > > > > > > bonds, and saying that they > > > > > > were a safe investment because they were backed by > > > > > > the Raam. > > > > > > > > > > That's hilarious! The TMO couldn't even issue junk > > > > > bonds because their financial rating would be so > > > > > low...low? It's not even on the chart! > > > > > > > > > > > > > > > > So...TM bonds with a face value of $600,000,000,000 would yield > > how > > > > much on the open market? > > > > ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
