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Trillion Dollar Coin Idea To Save The Economy
#17

Trillion Dollar Coin Idea To Save The Economy

Quote: (01-04-2013 03:34 PM)kosko Wrote:  

Quote: (01-04-2013 11:01 AM)RandalGraves Wrote:  

You can't get something for nothing, which is exactly what this would try to do. If you pull $1 trillion out of thin air and add it to the money supply, you're going to get monster inflation.

That us what happens now. The FED LOANS the USA it's OWN Money at interest. The FED creates the money out of nothing and makes obscene profits from interest off this which then goes to its shareholders.
Not only this, but they print and loan out the USA's money to others with minimal oversight, and US taxpayers are ultimately accountable for all of it. And they do this with little or no oversight.

When you see how the convoluted system works, it makes you wonder how they can honestly say counterfeiting is illegal, but at the same time, you realize that if you get caught doing it, there's a reason they don't pull any punches and send the Secret Service out to investigate. Nothing is more important than protecting Wall Street.

""Let me issue and control a nation's money and I care not who writes the laws." -Mayer Amschel Rothschild
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