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Re: Preparing the Remnant for the far side of the crisis

An interesting sidenote on this... will they be able to print money?
We'd probably never notice it unless the interruption was prolonged, but it 
could have some interesting consequences if word leaked out.

  From: Jim Burnes <[email protected]>

On Thu, 18 Sep 1997, Robert Hettinga posted:
(and someone else wrote)

> >
> >     In 1999, chaos will hit the financial markets, all over the world 
> >assuming that this does not happen earlier, which I do not assume.  The
> >public will know the truth in 1999: THE DEFAULT ON U.S.
> >GOVERNMENT DEBT IS AT HAND.  The tax man won't be able to
> >collect in 2000.  The tax man will be blind.  Consider how many banks
> >and money market funds are filled with T-bills and T-bonds.  Consider
> >how the government will operate with the IRS completely shut down.
> >Congress hasn't thought much about this.  Neither has Bill Clinton.

Two words,

"Sell Bonds!"

> "... however it may deserve respect for its usefulness and antiquity,
> [predicting the end of the world] has not been found agreeable to
> experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
> The e$ Home Page: http://www.shipwright.com/

Interesting juxtaposition, eh?

Jim Burnes

      "How do you explain school to higher intelligence?"
               Elliot to his brother in ET

---------------End of Original Message-----------------

Name: amp
E-mail: [email protected]
Date: 09/18/97
Time: 17:57:47
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