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Will Walker
Will Walker
16 years ago

Fascinating show. I think you may have miscalculated the per-person payout of the daily interest on the National Debt, though.

You said that each person would get 2 million dollers if we distributed the 49 million dollars of the daily interest of the National Debt.

49 million dollars a day/300 million people=.16 or 16 cents per person, per day.

Even the yearly interest wouldn’t become that much money=
(49 million dollars a day*365 days a year)/300 million people= $59.61 per person, per day.

I am in complete agreement about your take on the inflating national debt, but I think its important to get the numbers right. Was there something I was missing?

Thanks

P.S. After listening to your last show, I am planning on taking a safety refresher at my local recreational center and picking up either the

Auto Orange
Auto Orange
16 years ago

The Chinese economy could go off the rails. Some people think there is plenty of abiotic oil.

Jason
Jason
16 years ago

Thanks for your contribution, Jack. Great Show!

I think the psychology of price inflation is amazing. This has happened with other consumer goods. Does anyone remeber the toilet paper “shortage” of the 1970’s? Within two weeks, the price of toilet paper spiked and store shelves cleared after Johnny Carson made a joke about a mass toilet paper shortage. When the prices dropped back, they were still much higher than before the “shortage” and never went back down.

Will
Will
16 years ago

Thanks, Jack.

Dan Tanner
16 years ago

Go figure that I’m far enough behind on shows that I not only miss the announcement that I won but miss the window in which to respond… =-/

Great show today. Really opened my eyes to several things about how the system of oil really works. My parents live in Saudi Arabia, so I’m exposed to alot more than most people. Still learned quite a bit today. =-]

Auto Orange
Auto Orange
16 years ago

Oil is now $40 a barrel. It just seem to be going down!