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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: TIME FOR THE STATES & CITIES TO GET IN LINE FOR BAILOUT CASH
PostPosted: 02 Jan 2009, 2:24 pm 
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Joined: 29 Jan 2008, 6:06 pm
Posts: 731
Douglas A. McIntyre wrote:
Getting Ready For Bailing Out The States & Cities

Experts keep saying that there is only so much bailout money to go around. That going around is getting bigger as states & municipalities try to figure out what to do as their tax revenues fall apart & the credit markets get so tight that they have to pay exorbitant interest rates for bond issues.

Several states including California, Florida, & Michigan have already hit the tipping point. It is likely that they will begin to cut essential services if they cannot come up with more cash.

According to Reuters, "U.S. states & local governments are heading into dangerous territory as a strained municipal market forces them to delay deals while fund managers worry that a lasting recession may lead to defaults."

States can't print money for their obligations like the US government can. That gets to the heart of the matter. The federal system can either take on critical programs for schools, infrastructure, and social assistance or it can loan states and municipalities money which they are unlikely to be able to pay back for years. That is very different from banks or car companies. A state in receivership is a state which may be unable to educate its population or support the jobless and the homeless.

The amount of money Congress will need to salvage the local government system is likely to be in the tens of billions of dollars. And, its money at real risk, which is why no one wants to buy municipal bonds.

Douglas A. McIntyre


Source:[TargetURL]http://www.247wallst.com/2009/01/getting-ready-f.html[/TargetURL]
Original Source:http://www.reuters.com/article/reutersEdge/idUSTRE4B46JD20081205

MS Note: Sorry Mr. Douglas A. McIntyre of 24/7 Wall Street
http://www.247wallst.com/2009/01/getting-ready-f.html
Quote:
States can't print money for their obligations like the US government can


Sorry Mr. McIntyre, but You should get your information - regarding the functioning of US Government & how it outsourced money creation, i.e. printing to the quasi-private for profit Federal Reserve System on Christmas Eve of December 1913 - straight. Don't be putting statements that US government is printing money. This is not the fact. ms




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 Post subject: Re: TIME FOR THE STATES & CITIES TO GET IN LINE FOR BAILOUT CASH
PostPosted: 05 Jan 2009, 5:27 pm 
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Joined: 24 Jan 2008, 8:33 pm
Posts: 492
Oh, their busy selling the infrastructures we have already paid for many times over, just to make immediate ends meet — at our ever greater expense. Right under your noses is the greatest crime in history being committed night and day, every minute, simply because we can't recognize or demand solution.




mike


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"When the freedom they wished for most was the freedom from responsibility, then Athens ceased to be free, and never was free again."



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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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