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Subject:
Re: value / money /interest-bearing debt
From:
Tim Romano <[log in to unmask]>
Reply To:
- Ezra Pound discussion list of the University of Maine <[log in to unmask]>
Date:
Thu, 28 Dec 2000 09:19:26 -0500
Content-Type:
text/plain
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text/plain (23 lines) 
Is 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


----- Original Message -----
From: "charles moyer" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Thursday, December 28, 2000 11:32 AM
Subject: Re: value / money /interest-bearing debt


> Even more sobering than these questions does it follow that any economy
> which is sustained by a currency which is based in interest-bearing debt
> must ultimately and logically terminate itself under insoluble debt?
>
> CDM
>

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