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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,897
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Quote:
Originally Posted by Hugh R
John,
You seem to be the money guy, not me. But if the government has $10 Trillion in debt and they seized my IRA and wrote me a 3%/year IOU wouldn't that give them some $4.5 Trillion that they can't get their hands on right now? They could do this in lieu of printing more money and pushing inflation.
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My thinking as well, Hugh...it's simply robbing/"borrowing" from the Market....and who is out there to prevent them once they control all...both Senate & Congress & the white house?
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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