Speaking of which, why does the foundation need so much more money than last
year's donation drive?
On Fri, Nov 14, 2008 at 12:32 PM, Ray Saintonge <saintonge(a)telus.net> wrote:
Anthony wrote:
On Wed, Nov 12, 2008 at 6:05 PM, Ray Saintonge
<saintonge(a)telus.net>
wrote:
> Anthony wrote:
>
>> Where can you safely get 5% interest, anyway? The 30-year bond is
around
>> 4%. Long-term municipal bonds are around
5%, but they're not totally
safe
>>
>> nowadays. And this is, as Gregory pointed out, before inflation. The
>> chance that the US is going to start adding zeros to its dollar bills
in
the
next 30-years is non-negligible.
It's about time that the US abandoned $1.00 and $2.00 bills and just
used coins instead.
Given the current crisis, I wonder how (and if) that would affect
interest
rates, since bills are a liability of the federal
reserve, but coins are
not.
Silver coin isn't silver anymore, and gold coins were effectively
abandoned a long time ago. US nickels cannot be picked up by a magnet,
and copper is too expensive for making pennies. If you inflate the
bubble economy with enough hot air it starts to look very impressive.
Ec
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