>http://funredes.org/mistica/castellano/emec/produccion/memoria15/0358.html

Michel,

I played with the Gold and Silver numbers in your posted
article and, compounding at 5% for the past 300 years they
amount to about $20 trillion dollars US (at current gold
and silver prices).

With Official Development Assistance running at about
76B a year it would take 250+ years to pay that off.

Of course, at 5% a year it would take $1 trillion per year
just to keep up with the interest so, in fact, the $76B/year
involves a further borrowing of 924 million this year,
more next year, and in 250 years the debt would be much
much bigger.

So much for historical justice.

Ciao, Sam

***********************************************************
Prof Sam Lanfranco, SASIT, York University, 4700 Keele St
Toronto, Ontario, CANADA - M3J 1P3
 < Lanfran@Yorku.ca >
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Nearby Wed Oct 25 23:24:02 2006