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[bob ford <bobford79 AT yahoo.com>]

Don, if I understand basic math and economics, what will happwn next is 
treasuries will lose value because so much new debt is being sold.  New 
treasuries, flooding the market , will have to pay higher interest rates.  
Inflation begins, the dollar loses strength.  

How long it takes for this to play out, I don't know.  But, I do not believe 
whast all of the financial analysts and economists are saying about a 
deflationary recession.  

They are right so far, the dollar is strong as h*ll, worldwide.  But, too 
much debt (money) is flooding the market.  Inflation must be the inevitable 
conclusion ....bobford


------------------------------------------------------------------------


--- On Mon, 11/3/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: [Homestead] National debt now $10,574,000,000
> To: homestead AT lists.ibiblio.org
> Date: Monday, November 3, 2008, 4:59 PM
> Just a month ago it crossed $10T.
> 
> http://www.treasurydirect.gov/NP/BPDLogin?application=np
> 
>  
> 
> China is facing a severe downturn as more business go
> bankrupt.  They may be
> pressured to spend more on their own populace as foreign
> exchange dwindles.
> That could severely impact US interest rates.  
> 
>  
> 
> I have to stop reading this stuff, it is rapidly going past
> worrisome.  It
> is getting past time to hunker down somewhere.
> 
>  
> 
> Don Bowen  KI6DIU
> 
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
> 
>  
> 
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