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Discussion in 'Off Topic Threads' started by grnberetcj, Mar 19, 2009.

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  1. grnberetcj

    grnberetcj Active Member

    Jan 29, 1998
    With Obama....it's believable. I wouldn't put anything past him and his ilk!

  2. JBrooks

    JBrooks TS Member

    Nov 6, 2006

    The treasury bonds and notes that we issue are solely secured by the purchasers' faith that our money will not have inflated at a rate exceeding the the yield rate on the notes and bonds.

    However, this is where Obama and the Democrats have severly weakened and endangered the economic future of the Country. The surest way to generate inflation is the printing of currency in a quantity in excess of that which the GDP of the economy is growing and can absorb. That is exactly what they have done in the "stimulus bill". In effect too many dollars chasing too few goods and services.

    Purchasers actually bid a discounted price for treasuries at auction The amount of discount converts to the yield that they receive. If they think that inflation is going to be high, they bid less and the government has to sell more to raise the money it needs. This increases the amount of money that has to be paid back, or, in effect, increases the effective interest rate on the money that is borrowed.

    This is really a simple system. Unfortunately, the Democrats will gladly screw the taxpayers to borrow enough money to buy the votes from non-taxpayers to keep them in power.
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