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To: Errant
No, you're just trying to circumvent the truth

LOL! Do you know the difference between debt and equity?

The treasury MUST eventually get the money to pay off the bonds from the Fed

Nope. The Treasury gets money to pay off debt from taxpayers like you and me.

The debt can NEVER be paid off.

Another silly claim. Like saying you can never pay off your mortgage without issuing more debt.

73 posted on 12/25/2013 3:28:30 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Nope. The Treasury gets money to pay off debt from taxpayers like you and me.

Good luck with that! LOLOL It'll NEVER EVER be paid off. It's a mathematical imposibility. It's a flawed system that prevents paying off from ever happening. The ONLY way for the system to grow is through the generation of more DEBT!

Another silly claim. Like saying you can never pay off your mortgage without issuing more debt.

What you fail to understand, is than in a system where fiat currency is borrowed into existence, it can never be paid off since it's borrowed into existence in the first place.

We're seeing a huge decline in M2 velocity even with all the QE going on. Paying off the debt would lower M2 even further and throw the economy into a depression even sooner.


76 posted on 12/25/2013 3:46:50 PM PST by Errant
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