Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: libertarian neocon

Of course there will be “enough money”!

Bernanke can pull up the necessary app on his workstation, and create as much ‘money’ as he wants to. Now, if the ‘money’ had to be converted to hard cash for any reason, that could be a problem as there wouldn’t be enough physical capacity to print it all in a timely matter. Hell, we’d probably run out of trees/cotton right now if we tried paying off our national debt in cash. Our creditors will just have to accept our binary ‘digi-dollars’, or wait awhile.


12 posted on 11/19/2012 1:51:55 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: KoRn

Digi-dollars, absolutely correct, The audit of the Federal Reserve books showed it leant out $16 trillion over a 3 year period to foreign and domestic banks. This amount, greater than the entire accumulated national debt at the time.

No money was printed, they wired electronic ones and zeros. The greatest financial fraud in history occurred and no one noticed.


38 posted on 11/19/2012 3:08:39 PM PST by dscott8186 (dscott)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson