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Re: Nate Silver prediction on Nov 6, Electoral

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 08 Sep 12 7:30 PM | 62 view(s)
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Msg. 09871 of 54959
(This msg. is a reply to 09867 by faul)

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Hi doma,

May I suggest you check Erin's derived numbers against the absolute ones provided by the Treasury.
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

and the GAO
http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html#largefeddebt

Here's a list of total debt with history provided by the Whitehouse (see Table 7 on page 144of 36Cool
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist.pdf

Here's a chart showing the accumulation of US debt by foreign holders over time.
http://en.wikipedia.org/wiki/File:Composition_of_U.S._Long-Term_Treasury_Debt_2005-2010.PNG

As a general rule of historical research, it really pays to check original sources rather than to base one's opinions on intermediaries.

Then you can make your argument using the actual numbers.


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The above is a reply to the following message:
Re: Nate Silver prediction on Nov 6, Electoral
By: faul
in ALEA
Sat, 08 Sep 12 10:01 AM
Msg. 09867 of 54959

Hi Joe......

So my statement & link to a MSM outlet such as CNBC is not a
credible source,but just your statement alone that media outlets
are stressing that the world is clamouring to buy your debt is??

Ok how about a statement by a former Treasury Official in
the WSJ 2012......Fed buys 61% of US Debt in 2011.......

http://online.wsj.com/article/SB10001424052702304450004577279754275393064.html?mod=googlenews_wsj

2011 foreign purchases of US debt dropped from
6% of GDP to less than 2% of GDP......

http://www.swissamerica.com/article.php?art=03-2012/201203290220ex.txt

Again it's probably not good enough for you.....oh well....
we all have a choice what we wish to believe.....economics,
governments & politics are just as much a belief system as religion......

You can call me CASSANDRA..........


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