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Money and debt. (Cover Story: At a Glance).(Brief Article)(Cover Story)
Because the U.S. dollar is fiat currency, there is no limit to how much can be pumped into the economy via the banking system. The biggest debtor: The U.S. government.
Currency con: Article 1, Section 8 of the U.S. Constitution authorizes Congress "to coin money, [and] regulate the value thereof...." This statement refers to "Commodity Money," such as gold or silver. Until relatively recently, banks -- including those in the Federal Reserve System -- issued "Receipt Money," which could be exchanged on demand for gold or silver. The banking cartel then subtly introduced "Fractional Money" -- currency issued in excess of the amount of gold in reserve, and redeemable only to a fraction of its face value. Eventually Americans became saddled with Federal Reserve Notes -- "Fiat Money" untethered from gold, backed only by government force.
The surpluses that weren't: If the recent annual "surpluses" claimed by the ...
- Cover Story - Casting A Long Shadow: With fewer Treasurysand alternative...
- Magazine article from: Investment Dealers' Digest Boughey, Simon April 3, 2000 700+ words
...Committee that he expects that by the end of September the federal debt held by the public will be fully $2.4 trillion less than...Treasury was now in a position to eliminate the $3.6 trillion federal debt entirely by 2013. These are ambitious plans, and many economists
- Ivy awards 2006.(Cover story)(Brief article)
- Magazine article from: Restaurants & Institutions Dailey, Patricia B. May 1, 2006 700+ words
...its course of innovation and excellence. Total annual foodservice-industry sales were approximately $45 billion and the federal debt was $405 billion--less than the $510 billion in foodservice sales projected for 2005. Not everything, however, has...
- Federalism at a crossroads. (US politics) (Cover Story)
- Magazine article from: State Legislatures Mackey, Scott March 1, 1993 700+ words
...see, federal policymakers are talking more seriously about snatching a larger share of the states' tax base to reduce the federal debt. Can states, the independent "laboratories of democracy," continue to innovate and govern when the federal government...
- Jobs, jobs, jobs. (outlook for employment and economic growth) (Forecast '95)...
- Magazine article from: Kiplinger's Personal Finance Magazine Wilcox, Melynda Dovel January 1, 1995 700+ words
...moderate all along. And it hasn't been pumped up by the government: Federal spending is actually declining in real terms and federal debt as a percentage of gross domestic product is falling as well. "Things look as good as they've looked for a long time...
- Playing the debt card.(Congress using its authority over the national debt...
- Magazine article from: The New Leader Glass, Andrew J. September 11, 1995 700+ words
...with newcomers, might prove to be rebellious. The GOP Class of '94 has no more stomach for authorizing an increase in the Federal debt, regardless of size or duration, than the Communist members of the Russian Duma have for authorizing the formation of stock...
- No money? No problem! How will we pay for Katrina (and the war in Iraq)? Easy....
- Magazine article from: Newsweek Sloan, Allan September 26, 2005 700+ words
...least for now, there's no limit to the debt that Uncle Sam can rack up with foreign and U.S. lenders. (Forget the federal debt ceiling, which has political impact but no financial impact.) Katrina, like 9/11, really is a one-time emergency...
- The Dollar Deluge; The Bush team signals that its 'strong dollar' policy will...
- Magazine article from: Newsweek International Garten, Jeffrey E. November 29, 2004 700+ words
...untouchables such as defense, homeland security, legally mandated retirement and medical entitlements, and interest on the federal debt. The markets are therefore betting that whatever the administration says, it is relying on a gradually depreciating dollar...
- A balanced yet booming market. (positive effects of the Asian financial crisis...
- Magazine article from: Mortgage Banking Zandi, Mark M. Chen, Celia Basel, Wesley September 1, 1998 700+ words
...ownership of Treasury bonds. According to the U.S. Treasury, foreigners now own nearly 40 percent of the $3.4 trillion in federal debt that is privately held. That is nearly double the ownership by foreigners from as recently as 1994. The sharp decline in...
- Cover Story: For better or worse, it was a typical year; Covers remain obsessed...
- Magazine article from: Advertising Age Fine, Jon January 14, 2002 700+ words
...broke? Not bloody likely, judging by Cover Story's oh-so-infallible cultural cavity...appetite for triumph and tragedy `till Cover Story's cryin' ``Stop! Please! Stop...in the year. (Please don't make Cover Story say word one about ``Moulin Rouge...
- Financial Audit: Bureau of the Public Debt's Fiscal Years 2007 and 2006...
- General Accounting Office Reports & Testimony January 1, 2008 700+ words
...government. Due to the significance of the federal debt held by the public to the governmentwide...Public Debt's (BPD) Schedules of Federal Debt annually. The audit of these schedules...control relevant to the Schedule of Federal Debt. Further, GAO tests compliance with...
Source: HighBeam Research, Money and debt. (Cover Story: At a Glance).(Brief Article)(Cover...