[ExI] Nothing to see here

[spike at rainier66.com]

-----Original Message-----
From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of
Stuart LaForge via extropy-chat

> _______________________________________________
>
> Perhaps the USA is planning a garage sale on military equipment.  
> China, Australia and Britain are potential customers?
>
>>... Those two carriers and the aircraft aboard them might pay a year's 
> interest on the money the US congress is trying to borrow.
>
> spike

>...As long as inflation is higher than interest rates, borrowing is a sound
strategy. Borrow a dollar that is worth a dollar now and pay it back later
with a dollar worth 50 cents...Stuart LaForge

_______________________________________________


Ja, and what happens to those who are dependent on pensions based on those
dollars now worth half as much, supplied by the outfit which is borrowing
and inflating the currency?  Do they give them twice as many of the
half-priced dollars?  Where do those twice as many half priced dollars come
from?  Aircraft carrier sales?  Who gets left holding the bag?  Does not
this start resembling a grand Ponzi scheme?

spike