Quote:
Originally Posted by Butterfly  Quote: |
Originally Posted by bkkandrew The other is fiscally-driven, namely when a Government simply does not have enough money, cannot borrow (more) and, rather than cut expenditure (or default altogether), its prints money to pay those creditors that will accept its own currency. | again, showing how confused you are. The government doesn't print or create money, the Fed or Central bank does. The Treasury, a government branch, only issue bank notes and that's it. They can't create money out of thin air as you are implying here. Again you are misleading, making up stories and facts, and using deceiving techniques just to "show" you are right. Absolute non-sense. You are stuck in the economics of the 1940s. |
You would cause an arguement with someone about which raindrop would run down a window pain faster. If all the people in the world that belived the FED didn't do what the Government told them got together they would all fit into Larry's Dive with room for a Thai Visa party. There wouldn't be a normal person in the building, mind you.