Why does America borrow dollars that we print?

[task0778]

you don't know what you're talking about.

And you do? Tell me where I'm wrong.

 

[BackAgain]

Cannot end the Fed till we end the duopoly.

You finally willing to stop voting Repub?

How many times can you post the word “duopoly” imagining that it makes you clever?

 

[Oddball]

Once you understand this, you too will want to join Ron Paul and #EndtheFed

The only reason we do this is…

Reply with you best guess

Why does America borrow dollars that we print?​

Because the entire concept of fiat currency is the impossible attempt to turn debt into wealth.

With currency of substance a "bill" is something that you can exchange for specie....Hence the nomenclature.

With the Fed fiat system, everybody is passing around IOUs (debt) as value, yet there's nothing of any inherent value to be "owed"...The Fed has no checking account with any kind of tangible funds on hand, just a big checkbook.....They issue the BigBanks the "check" (at interest, of course), the banks say "thank you, Lewis", and pass that debt on to you as "notes"....Also at an interest rate.

Nice work if you can get it.

 

[Oddball]

Why does America borrow dollars that we print?​

I thought we borrowed dollars that we don't print. Our deficits over the past couple of years approaches $4 trillion, but we only print about $300 billion in new money in each of the last 2 years. So, the rest has to be borrowed.

ALL the "dollars" are borrowed....Every one of them since 1913.

 

[Oddball]

"Government securities" are among the lowest yielding investment instruments, albeit among the safest.

"Gubmint securities" are the "collateral" given the Fed, so that they can print up the loot, which they spend irresponsibly because all they need to do is print up more "securities" to get more loot...It's the financial self-licking ice cream cone.

At no point is there a "there" there.

 

[sparky]

With currency of substance a "bill" is something that you can exchange for specie....Hence the nomenclature.

currency vs money becomes a concept that isn't the easiest to grasp Odd one

~S~

 

[Oddball]

currency vs money becomes a concept that isn't the easiest to grasp Odd one

~S~

Oh, it's very easy, once you make that crucial distinction.....Lays the entire 3-card Monte game bare.

 

[AHZ]

Because it's a scam on the people of the USA.

Based on that particular agreement, we can NEVER be out of debt.

As was the plan all along.

libertarians are all for it!

 

[Oddball]

libertarians are all for it!

Only the Chicagoans.

 

[AHZ]

Only the Chicagoans.

the Chicagoans are just more honest.

all keynesians are sickos.

 

[Natural Citizen]

Nice work if you can get it.

Oh, well, you're gonna love this...

 

[Oddball]

Oh, well, you're gonna love this...

I seenat....

 

[Natural Citizen]

I seenat....

Really explains a lot, don't it?

Crazy...

 

[Oddball]

the Chicagoans are just more honest.

all keynesians are sickos.

If you call people who think that you can play the fiat 3-card Monte game, and keep it out of the hands of the rapaciously avaricious, "honest".

Hopelessly naive is what I call it.

 

[AHZ]

If you call people who think that you can play the fiat 3-card Monte game, and keep it out of the hands of the rapaciously avaricious, "honest".

Hopelessly naive is what I call it.

they're honest about not even caring about employment numbers, as Keynesians claim to do as part of their policies.


you know the fed always says they keep employment in mind when making qe/rate decisions.

 

[westwall]

ALL the "dollars" are borrowed....Every one of them since 1913.

Except for coinage.

 

[Toddsterpatriot]

they are non-transferable shares. the only ones in existence that I'm aware of.

New ones are never created?
Old ones are never destroyed?

 

[Toddsterpatriot]

The Creature from Jekyll Island: A Second Look at the Federal Reserve​

Amazon product

Useless book, full of errors.

 

[Oddball]

Except for coinage.

The real value of coinage, vis "dollars", grew every day since 1913.

 

[Oddball]

Useless book, full of errors.

Accurate book, that your occupation prevents you from acknowledging as true.