Burn as you go, Federal reserve style.

[the watcher]

Draining cash reserve, where does it go? This is creating a new "crisis" from our beloved caretakers. How will our elected crisis actors portray this? Yellen drains cash before January 1st, setting up debt ceiling crisis for Trump administration. Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ 'Extraordinary Measures' | ZeroHedge

 

[EMH]

Yellen has been a traitor for decades.

 

[Lesh]

Zerohedge?

That the best you can do?

 

[ColonelAngus]

Janet Yellen said inflation is transitory and everything will go back to normal.

So, when are all prices going back to 2019 levels?

 

[1srelluc]

Zerohedge?

That the best you can do?

Well, the meme was good.

 

[the watcher]

That the best you can do?

I guess I could go to the New Jew Review for an unbiased source. The sad truth is you hate Trump more than you love the actual situation that we are in, and you are not alone. Janet Yellen says Treasury will need to take 'extraordinary measures' to avoid debt ceiling next month

 

[sparky]

It's no coincidence that all the wealth in America has risen to the top, while all the debt remains for the great unwashed........~S~

 

[P F Tinmore]

Draining cash reserve, where does it go? This is creating a new "crisis" from our beloved caretakers. How will our elected crisis actors portray this? Yellen drains cash before January 1st, setting up debt ceiling crisis for Trump administration. Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ 'Extraordinary Measures' | ZeroHedgeView attachment 1059821

The Federal Reserve is the biggest scam. We are being looted every day.

 

[P F Tinmore]

The constitution gives congress the authority to create our own money. This is at no cost. There is no money to pay back and no interest to pay.
So then, why do we borrow money to be repaid with interest?

 

[Lesh]

The constitution gives congress the authority to create our own money. This is at no cost. There is no money to pay back and no interest to pay.
So then, why do we borrow money to be repaid with interest?

Because that is hugely inflationary.

When loans are repaid that money disappears. Just the inverse of how it was created

 

[Moonglow]

Draining cash reserve, where does it go? This is creating a new "crisis" from our beloved caretakers. How will our elected crisis actors portray this? Yellen drains cash before January 1st, setting up debt ceiling crisis for Trump administration. Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ 'Extraordinary Measures' | ZeroHedgeView attachment 1059821

Trump should have left well alone.

 

[P F Tinmore]

Because that is hugely inflationary.

When loans are repaid that money disappears. Just the inverse of how it was created

When loans are repaid that money disappears.

Every dollar in our economy is borrowed. What would happen if they all disappeared?

 

[P F Tinmore]

Because that is hugely inflationary.

When loans are repaid that money disappears. Just the inverse of how it was created

Because that is hugely inflationary.

Why?

 

[Lesh]

Every dollar in our economy is borrowed. What would happen if they all disappeared?

By disappeared you mean paid back?

Nothing. Other dollars would be borrowed

 

[Lesh]

Why?

You don’t seem to understand the subject

 

[Woodznutz]

Because that is hugely inflationary.

When loans are repaid that money disappears. Just the inverse of how it was created

The money remains, the debt disappears.

 

[Woodznutz]

View attachment 1060179The Federal Reserve is the biggest scam. We are being looted every day.

Weren't Lincoln's "greenbacks" the only currency ever produced by the government?

 

[Woodznutz]

Every dollar in our economy is borrowed. What would happen if they all disappeared?

Chaos.

 

[Woodznutz]

It's no coincidence that all the wealth in America has risen to the top, while all the debt remains for the great unwashed........~S~

Corporate America carries huge business debts.

"The amount of U.S. corporate debt set to mature through 2025 and rated by S&P Global Ratings has climbed to $5.418 trillion following a record $1.1 trillion in bond issuance in the first half of 2020, the rating agency said."

Much of these loans will be renewed at higher interest rates.

 

[22lcidw]

By disappeared you mean paid back?

Nothing. Other dollars would be borrowed

It depends on velocity of loans. And we are also printing up fiat notes with no loans involved also to keep the system afloat.