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Who has that much money to lend?
Where did they get it?
Why do we have to borrow it when congress has the authority to make our own money?
I noticed that nobody answered the questions.
Who has that much money to lend?
Where did they get it?
Why do we have to borrow it when congress has the authority to make our own money?
It's a great question!
Good point. Why should we borrow money and pay it back with interest when we can make it ourselves without cost?End the Fed! No reason for them or for us to borrow.
Why should we borrow money and pay it back with interest
Buy politicians.What does the Fed do with their unearned profits?
Buy politicians.
But what backs the electronic money? I see dollars, yuan, euros backing that counterfit money, do you think if the economy tanks, that there will be water, or food, or even electricity? No one is going to work, if there isnt shit to be paid for. Farming will become the new millionaires, but power, without power how do you think you can get that Bitcon? I didnt misspell Bitcon, because it is a con of the greatest magnitude...I don’t think that the debt can be paid, not in the normal sense. The govt will resort to printing money, and the dollar will finally collapse.
When that happens a loaf of bread might cost $1000, and rising by the day. It’s not hard to conceive of a loaf of bread being unaffordable.
No value will be created, just paper money, which portends the end of paper money, and the start of electronic money .
I think that something new will be created, which is not really money, but an accounting system. Something which gives permission to buy, with an account, and it will be utterly made up.But what backs the electronic money? I see dollars, yuan, euros backing that counterfit money, do you think if the economy tanks, that there will be water, or food, or even electricity? No one is going to work, if there isnt shit to be paid for. Farming will become the new millionaires, but power, without power how do you think you can get that Bitcon? I didnt misspell Bitcon, because it is a con of the greatest magnitude...
Oh yeah, precious metals will be the currency of choice again, along with food and ammunition.
And who is going to be in charge of what you can or cant buy?I think that something new will be created, which is not really money, but an accounting system. Something which gives permission to buy, with an account, and it will be utterly made up.
It won’t rely on gold or silver, or bit coin. It will be something that gives a person the ability to buy, or denies it. When I think about that, it will work, but it will be a noose around everyone’s neck.
If you are cut off, you will starve and die; and if you go along, it can provide what you need, or even great wealth, but it’s just a theory.
The production capacity of a country sets the value of the money. When the money supply goes up while production reduce, there can only be inflation.I think that something new will be created, which is not really money, but an accounting system. Something which gives permission to buy, with an account, and it will be utterly made up.
It won’t rely on gold or silver, or bit coin. It will be something that gives a person the ability to buy, or denies it. When I think about that, it will work, but it will be a noose around everyone’s neck.
If you are cut off, you will starve and die; and if you go along, it can provide what you need, or even great wealth, but it’s just a theory.
what if you are a farmer? You can produce what ever you want, and give up anything you want or not...The production capacity of a country sets the value of the money. Wen the money supply goes up while production reduce, there can only be inflation.
I am certain that there will be plenty of people willing to administer that duty. Legions of them I would say, but there will be one top dog in charge of it all. And it will be a Hell on Earth, if my instincts are right.And who is going to be in charge of what you can or cant buy?
Are you using your business class as a reference here? I am saying that money will die out, as a means of exchange.The production capacity of a country sets the value of the money. When the money supply goes up while production reduce, there can only be inflation.
I am curious, what does America produce anymore, some cars, and farm goods?The production capacity of a country sets the value of the money. When the money supply goes up while production reduce, there can only be inflation.
