On Mar 25, 2009, at 1:38 PM, Charles Bennett wrote: > > "But this doesn’t affect the Treasury department directly, because > Treasury got its money on the day it auctioned the bonds off ""
What are you on about? The point of the sentence is simply that a transaction is completed when it is complete. If I sell you a car for $20,000 today and you resell it for $15,000 next week, I still have $20,000. That's all that is being said here. > > Ok.. so where do YOU think the Treasury gets it's money from? Does > it have a day job I don't know about? When Treasury sells a bond it gets money from whoever buys the bond. Imagine that! -- For blocks are better cleft with wedges, Than tools of sharp or subtle edges, And dullest nonsense has been found By some to be the most profound. -Samuel Butler, _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
