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She told me that she was opposed to the club's purchase of a gambling stock because she was personally against betting. Banks, brokerage houses, and other financial institutions have played a major supporting role by issuing 30-year 'zero-coupon' bonds, using T-bills as collateral for margin accounts, and promoting 'all-government' money funds.But now we need to look beyond security and high yields.Ĭasey, author of the iconoclastic bestseller Crisis Investing, has never been afraid of speculating in 'unorthodox' investments that raise one person or another's ethical eyebrows, including nuclear utilities, South African gold shares, and Rhodesian real estate when 'blood was running in the streets.' The president of a women's investment club in Virginia dealt with this dilemma. Without a war and patriotic fervor, the government has resorted to other methods to entice investors, banks, and institutions to purchase Treasury securities-paying higher interest rates, for instance, and emphasizing safety. Since then, the Treasury's debt financing has grown immensely. Why is it that so many patriotic Americans (including some REASON subscribers) vehemently denounce the growth of the US government and its huge deficits and yet are the biggest buyers of Treasury securities and 'all-government' money-market funds? They criticize the waste and corruption in Washington while lending the Treasury their money to further the very ends they oppose.I can only surmise that this unrecognized hypocrisy hearkens back to World War II, when Americans felt it their duty to buy US Savings Bonds to support the war effort.

Piriyadha varam vendum hd movie single part