In a message dated 12/28/2000 9:34:52 AM Eastern Standard Time, [log in to unmask]
writes:

<< s it not true that the Government is able to find buyers for securities It
 issues only because It guarantees a return on the investment and because
 investors believe in that guarantee?  That ROI is guaranteed the power of
 the Government to levy taxes upon the People.  Like a shark that must move
 in order to breathe,  the Beast must die if the People refuse to pay taxes
 or investors lose faith in the guarantee.
 Tim Romano
  >>


this is the deal.  or, as brother Carlo puts it, a ponzi scheme, which
requires an ever expanding base or face collapse.  as for the People refusing
to pay taxes, that's what the army is there for.  or should that be Army
therefore?  the wise guys figured out some time ago that the only requirement
for the existence of virtual wealth is an agreement, or as you put it, a
government guarantee....

joe brennan.....