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To: Graewoulf

With a fiat currency, money is lent into existence by the government. So the government books would always show it is “out” by the amount of outstanding money in circulation, even if nothing more.


2 posted on 09/08/2011 1:02:37 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: HiTech RedNeck; magellan; SeekAndFind; Notary Sojac; Free ThinkerNY; smoothsailing; blam

Thanks for the clarification about the fiat in my pocket.


3 posted on 09/08/2011 10:04:29 AM PDT by Graewoulf ( obamatrauma"care" violates the 1890 Sherman Anti-Trust Law.)
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