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To: mdittmar
How about this scenario:

Obama asks the Fed to print $17 Trillion and loan it to him.

Obama takes the $17 Trillion and pays off the National Debt.

Since the total cost for the Fed to print the $17 Trillion is approximately $ZERO, Obama asks them to write off the loan. Money from thin air simply returned to thin air.

The Fed Accepts the request and predicts non-stop growth in the U.S. economy going forward.

The Stock Market jumps 3000 point in one day.

Life is good. We're all rich.

8 posted on 10/10/2013 4:20:08 PM PDT by InterceptPoint (e)
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To: InterceptPoint

That’s better than my idea.


10 posted on 10/10/2013 4:24:19 PM PDT by mdittmar
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