Can we issue debt free notes or are we too reliant upon foreign investors ?
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
we are no more dependent upon foreigners to buy our bonds than we are on Smuckers to make strawberry jelly to fund the military.
Thomas Edison was exactly right, the issuance of debt to go along with the issuance of currency benefits only the essentially non productive component of society and is utterly unnecessary.
Someone can now chime in with a hyperinflation theory based on a woefully inaccurate money multiplier scheme, but that won’t mean they are right…
I would really like to read that article.
Unfortunately, it’s blocked by my anti-spam snoopers.
________