----- Original Message ----- From: [EMAIL PROTECTED] Date: Saturday, November 29, 2008 4:32 pm Subject: Re: [Vo]:[OT] Federal Reserve Notes
> In reply to R C Macaulay's message of Fri, 28 Nov 2008 21:58:07 - > 0600:Hi, > > Am I mistaken in believing that Citi-bank is one of the > stakeholders in the Fed? > [snip] > > The problem is the only nation able to do something ( the USA) is > broke > >along with all but 11 states in the nation. > >Dealing with a debt problem in excess of 20 trillion wordwide far > exceeds > >our ability. > > ...but surely, not all of this debt is bad debt (i.e. can't/won't > be repaid). The quantity of debt is bad because it tends to push the economy of the familiar indefinitely into the future. This handicaps the youth from actually doing the things that need to be done for THEIR time. Instead they are obliged to live the life of their parents and grandparents as it was in 1955 with few extra gadgets. Harry
