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Re: Estimating the surplus\Doug's question\Fred's comments

>Thanks again, Jim.  If you ever get to Perth, we'll
have to have a Coopers ale (or three) at the Brass
Monkey.  I can bring my "Little Red Songbook".  Comes
in handy after a few ales and hearty.<

I'll have some cheap Pinot Grigio & some horizontal athletics.

>... When you refer to the others outside the US and their
unwillingness to lend, is that the same thing as those
others buying up US bonds and other pieces of paper
which represent some future or current exchange-value
and their unwillingness to risk these purchases at
this moment in time?<

Right. lending to the US is the same as buying those pieces of paper.

in international solidarity,

Jim
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