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#OT# where the US currency is

I decided to split this of from the longer thread.

NPR has a 5 minute video available for download

========== Money Mystery: Who's Holding U.S. Currency?

by David Kestenbaum

Listen Now [4 min 20 sec] add to playlist {you will have to go to the web site to do this}

Morning Edition, January 9, 2009 · The federal government, which tracks the amount of money it prints, says $900 billion of its currency is in circulation. While experts have determined that fully half of those U.S. dollars are being held in other countries, a lot of cash is unaccounted for.

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' George [George McDuffee]

------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625).

Reply to
F. George McDuffee
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I hold the other half.

Reply to
Ignoramus10426

And if you haven't heard this already, an explanation to the mortgage fiasco in plain old english (59 minutes), that helped to get us into this mess:

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355: The Giant Pool of Money (05/09/2008)

A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.

Act One.

This American Life producer Alex Blumberg teams up with NPR's Adam Davidson for the entire hour to tell the story?the surprisingly entertaining story?of how the U.S. got itself into a housing crisis. They talk to people who were actually working in the housing, banking, finance and mortgage industries, about what they thought during the boom times, and why the bust happened. And they explain that a lot of it has to do with the giant global pool of money... ===

You may still be able to find it here, at least it was a week or so ago (27mb):

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Reply to
Leon Fisk

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