To: Paul Ross
Treasury bonds pay interest in dollars. It would be the lender who has the problem of convertibility not the US. Total non-problem.
208 posted on
08/10/2006 9:00:13 AM PDT by
justshutupandtakeit
(If you believe ANYTHING in the Treason Media you are a fool.)
To: justshutupandtakeit
Treasury bonds pay interest in dollars. It would be the lender who has the problem of convertibility not the US.Not if the new debt that the government generates in the future can't be sold in Treasury Bonds for that very reason. Hence, this reveals the long-term Achilles heel of the heedles borrowing and spending strategy.
Total non-problem.
We'll see, won't we?
217 posted on
08/10/2006 9:26:26 AM PDT by
Paul Ross
(We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
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