To: SatinDoll
If suppliers are paid only with worthless scrip or blinking digits, the food will stop. The vast majority of all the "dollars" out there are just digits. Only a fraction of the money in institutional accounts has ever been printed into bills, which are no more "real" anyway. EBTs are no more suseptable to non payment than everybody's bank cards. Maybe less so, since the government can create money at will.
Politicians will continue to monitize the debt and pay out benefits, because that's the path of least resistance.
51 posted on
09/04/2012 11:03:16 PM PDT by
Hugin
("Most times a man'll tell you his bad intentions, if you listen and let yourself hear."---Open Range)
To: Hugin
52 posted on
09/04/2012 11:07:36 PM PDT by
Wingy
(Don't blame me. I voted for the chick. I hope to do so again.)
To: Hugin
Those "digit dollars" are debt. While physical dollars exist in and of themselves, virtual money is nothing more than a chain of IOUs - debt - leading back to the Federal Reserve. ...hence the problem with the laudable goal of eliminating the national debt: our currency is debt; to pay it off leaves about $2T cash to go around (under $7,000 per citizen).
88 posted on
09/05/2012 6:50:22 AM PDT by
ctdonath2
($1 meals: http://abuckaplate.blogspot.com)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson