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To: zeugma

there is no money...there are not truckloads of $100 bills being delivered to banks.....bookkeeping entries are made on a spread sheet somewhere and EUREKA everything is now O.K. I have purchased and sold many dollars worth of things in my life and have NEVER seen a dollar bill exchanged for anything . You sign here, I sign there, and I buy your ten million dollar business....you have a paper ten million dollars and I owe ten million dollars to someone....the check is in the mail!!!


40 posted on 12/27/2011 8:28:21 PM PST by terycarl (lurking, but well informed)
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To: terycarl

I’m not sure what your point is. Anyone who has looked at this stuff for any length of time will know that the vast majority of large, (especially interbank) transactions effectively take place as what are essentially bookkeeping entries. What that $50M Mark note represents is the hyperinflation that can result from unrestrained printing presses, be they physical or electronic. I purchased it many years ago because I’ve seen that as a likely result of the economic policy of this country.


48 posted on 12/27/2011 9:03:44 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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