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Is the debt real?

 
Anonymous Coward
User ID: 27819872
United States
12/11/2012 06:04 PM
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Is the debt real?
So are we borrowing from China .42 cents for every dollar spent, or is the Federal Reserve printing new money out of thin air? Which is it, and don't say both, because it's one or the other?

If its the first, then why is the Fed printing money?

If its the latter, then why doesn't the Fed just print up $16 Trillion dollars and pay off the debt, then reduce the money supply back to normal. Wouldn't that be faster than waiting for QE Infinity?

Is the debt real?
Anonymous Coward
User ID: 14577918
United States
12/11/2012 06:11 PM
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Re: Is the debt real?
So are we borrowing from China .42 cents for every dollar spent, or is the Federal Reserve printing new money out of thin air? Which is it, and don't say both, because it's one or the other?

If its the first, then why is the Fed printing money?

If its the latter, then why doesn't the Fed just print up $16 Trillion dollars and pay off the debt, then reduce the money supply back to normal. Wouldn't that be faster than waiting for QE Infinity?

Is the debt real?
 Quoting: Anonymous Coward 27819872


The Federal Reserve (private company no more federal than federal express) prints money out of thin air & then charges us to print it & charges us interest on it.

Wow where have you been? Under a rock!

Good morning, happy birthday yesterday, & I hope you're ok from that fall off the turnip truck.

All kidding aside it is a crooked scam. Now maybe you can believe there are "powers that be" that have the money to run everything.
Anonymous Coward
User ID: 29646130
Romania
12/11/2012 06:21 PM
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Re: Is the debt real?
no..debt is just an concept..for me it's an apple :):hf: #New #Earth
Anonymous Coward
User ID: 21008556
United States
12/11/2012 06:26 PM
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Re: Is the debt real?
no it is not inflation adjusted, or 'real' in other words.
Just Some Guy

User ID: 1235825
United States
12/11/2012 06:28 PM
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Re: Is the debt real?
The 16 trillion is our total debt and that held by other countries, corporations, private individuals, etc.
But recently when they (US treasury) have a bond sale there is not enough buyers for the huge amount of bonds that the government puts out there, so the Fed buys up the rest.
I would be curious to see how much of the federal debt the Fed actually owns.

But to answer your question OP, yes the debt is real.
The portion owed to the Fed should be forgiven though, being they have made trillions upon trillions over the last 100 years.
Sunyata

User ID: 14343956
United States
12/11/2012 06:28 PM
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Re: Is the debt real?
Are inches real? Are lbs real?
Just Some Guy

User ID: 1235825
United States
12/11/2012 06:31 PM
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Re: Is the debt real?
Found it:

[link to useconomy.about.com]

The Fed holds 1.6 trillion of the debt.
Anonymous Coward
User ID: 29417490
12/11/2012 07:06 PM
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Re: Is the debt real?
The federal deficit was and is being created through fraudulent means period.

There is no statute of limitation on the crime of fraud.
Anonymous Coward
User ID: 26912620
United States
12/11/2012 07:07 PM
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Re: Is the debt real?
The federal deficit was and is being created through fraudulent means period.

There is no statute of limitation on the crime of fraud.
 Quoting: Anonymous Coward 29417490


this , one just has to be aware that they are frauded ...

to be aware , you must know what you are to receive (lawful money by congress, for americans that is) ..... right to property in allodial... etc...
Anonymous Coward
User ID: 21008556
United States
12/11/2012 07:09 PM
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Re: Is the debt real?
[link to en.wikipedia.org]
Anonymous Coward
User ID: 21008556
United States
12/11/2012 07:09 PM
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Re: Is the debt real?
not only is the debt not real adjusted, but it doesn't include interest either! its actually much higher!
Anonymous Coward
User ID: 25390958
United States
12/11/2012 07:11 PM
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Re: Is the debt real?
it's real enough to those that want payment, whether they actually put in even a penny or not

its gonna come down to collectors vs those that want proof that they authorized indebtedness, and there are no papers with anyones names other than the pols and bankers names on the bottom.

If I didnt sign it, I'm not paying for it
Anonymous Coward
User ID: 25390958
United States
12/11/2012 07:12 PM
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Re: Is the debt real?
Found it:

[link to useconomy.about.com]

The Fed holds 1.6 trillion of the debt.
 Quoting: Just Some Guy


not a single one has my signature on it accepting any responsibility.

They didnt use their own money, so they dont get paid with real money, either
Anonymous Coward
User ID: 26912620
United States
12/11/2012 07:17 PM
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Re: Is the debt real?
for those truly interested , 14th amendment section 4 is where USCitizens can not question the debt ....

of course no one knows what a USCitizen is (a debtor in DC) ...

and considering United States isn't a nation ... (I'm a United Statian) ..... LOL ....
Anonymous Coward
User ID: 22323395
United States
12/11/2012 07:20 PM
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Re: Is the debt real?
The federal deficit was and is being created through fraudulent means period.

There is no statute of limitation on the crime of fraud.
 Quoting: Anonymous Coward 29417490


this , one just has to be aware that they are frauded ...

to be aware , you must know what you are to receive (lawful money by congress, for americans that is) ..... right to property in allodial... etc...
 Quoting: Anonymous Coward 26912620


We're all in on the fraud, may as well make the best of it.

Live it, or live with it.
Anonymous Coward
User ID: 26912620
United States
12/11/2012 07:23 PM
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Re: Is the debt real?
The federal deficit was and is being created through fraudulent means period.

There is no statute of limitation on the crime of fraud.
 Quoting: Anonymous Coward 29417490


this , one just has to be aware that they are frauded ...

to be aware , you must know what you are to receive (lawful money by congress, for americans that is) ..... right to property in allodial... etc...
 Quoting: Anonymous Coward 26912620


We're all in on the fraud, may as well make the best of it.

Live it, or live with it.
 Quoting: Anonymous Coward 22323395


white stone

Lemon

User ID: 5766356
United States
12/11/2012 07:27 PM

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Re: Is the debt real?
The group of private individuals that own the Federal Reserve own all the Land in North America (you rent in fee simple), and have a position on your future earnings.

Don't worry about our owners. They'll be fine.
**I'm all out of bubblegum
Anonymous Coward
User ID: 29657076
France
12/11/2012 07:39 PM
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Re: Is the debt real?
Who do we owe money to?

Anonymous Coward
User ID: 22151483
United States
12/11/2012 07:46 PM
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Re: Is the debt real?
No it's not real, essentially money is only what we make out of it. It's not like we can't just print more, because it doesn't truly represent anything. It's not like our debt is based off of a gold stockpile or something, it just exists in the way we want it too.

Just about every nation in the world is in debt, and that debt is coherent to the amount of money you spend. Since America spends shit loads of money, we're naturally in a shit load of imaginary debt. Really, people need to just ignore it, it doesn't matter if we're $10,000 or $10^10 in debt, debt is debt.
Anonymous Coward
User ID: 29349804
United States
12/11/2012 08:09 PM
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Re: Is the debt real?
I heard on rt, they got a trillion dollar coin for that, left pocket, right pocket shuffle.

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