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Date Posted: 11:19:43 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 11:12:13 02/07/07 Wed

>
>>
>>So America made 3.2 billion dollar profit (by 1945
>>prices)= todays value, bare in mind the decline of
>>pound sterling over fifty years
>
>No 7.5 billion was the amount that was paid back in
>dollars that was not adjusted for inflation, if you
>take the e so in real terms consider how much that the
>loan was worth in today dollars. It very unlikely in
>return that the United States made any kind of profit
>off it seeing as the value of the loan in 2006 dollars
>was 33.4 billion USD. So in nominal terms yes the
>United States made 3.2 billion dollar "profit", but in
>real terms which is what matter it would be lower and
>most likely negative. To know for sure each payment
>would have to be either discounted back to there value
>in 1945 dollars or adjust for inflation into 2006
>dollars

So inflation over 56 years ate up 3.2 billion dollar profit, this is not 1923 germany we are talking about.

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