To: Kozak
“Printing money doesn’t create debt.”
Wrong.
LOL!
When the Fed prints money it buys US Treasuries with the made up money to cover the issue.
See, the debt existed before the money was printed. Now go forth, and correct that error.
56 posted on
06/08/2014 11:01:08 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
The Treasury ISSUES treasuries just for that purpose.
60 posted on
06/09/2014 12:05:51 AM PDT by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
To: Toddsterpatriot
What could possibly be wrong with this picture.....
62 posted on
06/09/2014 12:12:32 AM PDT by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
To: Toddsterpatriot; Kozak
“See, the debt existed before the money was printed. Now go forth, and correct that error.”
The Weimar Republic printed money to pay back a massive debt from the Treaty of Versailles. We are doing the opposite, printing money first, creating inflation, and then supposedly paying back the debt created with devalued money. Although none of the debt-reducing has happened yet.
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