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To: george76
If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out

It's impossible to be "wiped out" when you can print money.

6 posted on 11/17/2011 6:42:18 AM PST by glorgau
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To: glorgau

Don’t kid yourself.

You are wiped out when no one will take your money.

How much Greek currency would you like to purchase today?


8 posted on 11/17/2011 6:51:08 AM PST by old curmudgeon
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To: glorgau
It's impossible to be "wiped out" when you can print money.

When money printed is worth less than toilet paper - and being used 'in place of' - it's 'wiped out'...

9 posted on 11/17/2011 8:22:40 AM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: glorgau

I assume that is sarcasm...sometimes it is necessary to state your intentions.....or just your attitude on here.


10 posted on 11/17/2011 8:26:37 AM PST by runninglips (Republicans = 99 lb weaklings of politics. ProgressiveRepublicansInConservativeCostume)
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