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[bob ford <bobford79 AT yahoo.com>]

That was an excellent post Leslie, and I agree with much of what you wrote, 
though there is still a way for 'deflation' to tank the world economy before 
and without hyper-inflation, though I think it is less likely.  Wealth can be 
destroyed.  It is not  a zero-sum game.  The decision whether to base future 
movement on a deflationary or hyper-inflationary scenario is part of the 
problem , currently, for me.........

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--- On Sat, 12/6/08, Leslie <cayadopi AT yahoo.com> wrote:

> From: Leslie <cayadopi AT yahoo.com>
> Subject: [Homestead] National Debt Much > $100 Trillion & the Bond Market 
> Bubble
> To: homestead AT lists.ibiblio.org
> Date: Saturday, December 6, 2008, 9:57 AM
> There is the published national debt (on-balance sheet
> >$10 Trillion),,,, and then there is the off-balance
> sheet debt (i.e think Enron)............ 
>  
> According the Fed this past spring, the off-balance sheet
> debt was over $99Trillion.  It includes those
> "unfunded liabilities", like social security, the
> current wars, etc.
>  
> This is the speech given by Richard Fisher, the CEO of the
> Dallas Federal Reserve Bank says that the actual number was
> $99.2 trillion back in May of this year.  The national
> debt has to be even higher now,,,, just look at how many
> more bail-outs have occurred since this speech.
>