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No doubt it [adopting a new currency] would not be easy and I never said it would and that’s why my slowly introduce it approach seemed reasonable to me. But the long term rewards of getting rid of the type of system we have where are money is basically debt and reliance on borrowing from other countries and the FED is not going to last and it will smash the middle and poor class and in the end affecting everyone.
Primary sources of state income (in the aggregate)
General sales taxes 13%
Individual income tax 11.9%
Charges & misc. 21.2%
Excise taxes 6%
Property tax 16.6%
Corporate Income tax 2.1%
Other taxes 3.7%
Interest earned 3.7%
Federal aid 21.7%
from the National Conference of State Legislatures website
The $14 t. sounds more like the US annual GDP. Gross domestic product. The value of all goods and services produced in the US. $13.79 trillion (2007 est.)
Nope Im talking about actual existing dollars out there...M3 stats
As far as the Argentine cattle Baron who has a lot of money to spend would I buy US bonds or Fillipino I would choose neither and but gold and sit on it. If you dont want a long time investment like that then maybe Id consider the US bonds.