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Date Posted: 10:59:16 02/07/07 Wed
Author: Anthony
Author Host/IP: webcacheh02a.cache.pol.co.uk / 195.92.67.66
Subject: Re: Why did the British Empire break up?
In reply to: RMW Stanford 's message, "Re: Why did the British Empire break up?" on 14:11:30 02/06/07 Tue

>
>>
>>you mean to tell me America didint really make any
>>money , because of high inflation in the post war
>>years that reduced the amount owed? high inflation
>>means higher prices the pound going down means more
>>dollars.
>
>
>The amount of the loan that was just paid was 4.3
>billion USD in 1945 dollars, which in today dollars
>would be about 33.4 billion USD, and the told amount
>that British Government paid back to the United States
>since 1950, when repayments started, was 7.5 billion
>USD. While this isn't an exact estimated of the value
>in payments to the real value, since they were made
>over time, it does gives us a bit of an idea if the
>United States made any money off of it. I guess if any
>one wants to look up the payments made by Britain on
>the loan for each individual year, or tell were I can
>find, I could discount the value of payments back to
>there 1945 value or adjust them for inflation to get
>there present value.

So America made 3.2 billion dollar profit (by 1945 prices)= todays value, bare in mind the decline of pound sterling over fifty years

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