Is the debt real? | |
Anonymous Coward User ID: 14577918 United States 12/11/2012 06:11 PM Report Abusive Post Report Copyright Violation | 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? Quoting: Anonymous Coward 27819872 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? 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21008556 United States 12/11/2012 06:26 PM Report Abusive Post Report Copyright Violation | |
Just Some Guy User ID: 1235825 United States 12/11/2012 06:28 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Just Some Guy User ID: 1235825 United States 12/11/2012 06:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 29417490 Puerto Rico 12/11/2012 07:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 26912620 United States 12/11/2012 07:07 PM Report Abusive Post Report Copyright Violation | The federal deficit was and is being created through fraudulent means period. Quoting: Anonymous Coward 29417490 There is no statute of limitation on the crime of fraud. 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21008556 United States 12/11/2012 07:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25390958 United States 12/11/2012 07:11 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 26912620 United States 12/11/2012 07:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 22323395 United States 12/11/2012 07:20 PM Report Abusive Post Report Copyright Violation | The federal deficit was and is being created through fraudulent means period. Quoting: Anonymous Coward 29417490 There is no statute of limitation on the crime of fraud. 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... 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 Report Abusive Post Report Copyright Violation | The federal deficit was and is being created through fraudulent means period. Quoting: Anonymous Coward 29417490 There is no statute of limitation on the crime of fraud. 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... We're all in on the fraud, may as well make the best of it. Live it, or live with it. white stone |
Lemon User ID: 5766356 United States 12/11/2012 07:27 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 29657076 France 12/11/2012 07:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 22151483 United States 12/11/2012 07:46 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |