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
>