To: Perseverando
Several weeks ago, I commented on the $30 trillion dollars ($30 million million dollars printed out of THIN air) of new debt which has been created since the nadir of the Global Financial Crisis in late 2008.Printing money doesn't create debt.
false government inflation statistics hide the theft from the public (see www.shadowstats.com).
If anyone knows fake stats, it's the guy who charges suckers to create them.
18 posted on
06/08/2014 7:43:52 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
Printing money doesn’t create debt.”
It does create inflation, however.
20 posted on
06/08/2014 7:52:13 PM PDT by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: Toddsterpatriot
“Printing money doesn’t create debt.”
No it creates inflation, which is helpful in paying off debt.
To: Toddsterpatriot
Thanks to Woodrow Wilson, every US federal reserve note (dollar) in circulation represents a debt owed by the govt of the US to the federal reserve banking system. Therefore, Money = Debt and, hence, Creating money = Creating debt.
28 posted on
06/08/2014 8:24:56 PM PDT by
RC one
(Militarized law enforcement is just a nice way of saying martial law enforcement.)
To: Toddsterpatriot
“Printing money doesn’t create debt.”
Wrong.
When the Fed prints money it buys US Treasuries with the made up money to cover the issue. Those treasuries eventually have to be payed back by us tax payers. That’s debt.
51 posted on
06/08/2014 10:46:30 PM PDT by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson