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So take it easy on me.
Anyways, if we are in so much debt, why can't we just print more money? The Gov. can't make more money machines and print enough to get out of debt? Like I said, probably a dumb question but I've always wondered about this.
Danielle Hunter, Jamario Rasco, Anthony FREAK Johnson.. DL wrecking crew of 2013.
It would lower the value of our currency.
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Increasing the supply of money would cause a corresponding decrease in the value of the dollar. Disastrous for the economy IMO.
Then print the money and don't tell anyone.. Anyways, that's stupid that more money devalues the dollar.
High school, 4 years in college and 2 years for an extra degree and I don't learn this the entire time.. And I work a ton with stocks.
"I like fixing broken things" - Kevin Plank
No, it isn't
fsufsu said... I've got about 10 great stories on Lane but all you need to know is he will never be a loser, that's for sure.
So there's no way to reprint, let's say, the 2007 bills, not tell anyone and circulate the printed new '07s" and get random cash back.
I understand something like this wont happen but it's plausible.
This post was edited by Lesticals 14 months ago
I know why it isn't, just in a fantasy world and no one knew, printed a bunch and slowly paid off debt.. It's crazy, suicide and very dumb but whatever.. This thread is probably terrible and full of stupid. Can delete mods if you want.
If you didn't know that printing more money creates inflation I would advise you to hire a professional manager for your stock portfolio.
Hate to see you go broke.
Part of the current increase in stock values it due to Quantitive Easing (which in laymens terms means printing more money)
You may want to reevauluate your financial portfolio when the Feds announce the end of QE injections.
Tell our debtors to go screw and drop bombs until no one is alive that remembers we owe them money IMO.
"As far as the downvotes. It's a gnat biting an lion"
-- A member of tRCMB Justice League, taking the internet WAY WAY too seriously.
50% of them are American citizens. So congrats you win stupid post of the day.
Bring back the gold standard. Dumbest move ever to abolish the gold standard.
Gold standard has its own set of problems.
Restricts the money supply. Money supply should grow over time as the economy grows.
Also gold has increased dramatically in value since the recession. If our money was tied to gold at its current rate, you would be paying $100 for milk, and $30 a gallon for gasoline.
This post was edited by rms02d 14 months ago
So we get rid of the debt and solve over population? How is that stupid?
We are actually doing this right now. They call it quantitative easing. It's a fancy term they hope nobody understands, but it just means we printing trillions of dollars.
Value of gold has risen in value in relation to the dollar which is worth a fraction of what it used to.
It doesn't work in a Global economy with 6.6 billion participants.
Part of the reason we left the 2nd gold standard (Bretton Woods) is because France demanded gold in exchange for their dollar reserves. There is a finite amount of gold on the planet. In current values estimated between 7-10 trillion dollars worth.
If we had a gold backed currency, and China demanded gold in exchange for their 2 trillion in US debt, it would cause major problems. Anytime a country gets pissed at the US, they could demand gold in exchange for dollars. This would lead to dramatic fluctuations in the value of the dollar.
Money supply is fixed in a gold standard system, the gold standard played a role in creating the Great Depression.
However the other reason we left the Bretton Woods system was Nixon needed a way to pay for Vietnam, so I can understand some of the reasons for it.
We aren't actually printing more money though. Its numbers on a calculator, that will just be deleted once the economy gets better. It doesn't add to the cash in circulation, so it doesn't have the same effect as printing more money in terms of inflation.
Good point there are too many people on the planet. Bombing Miami, NYC, Chicago, Tuscaloosa, China, and Japan would definitely decrease unemployment.
Probably not good public policy though.
At this point in time that's not plausible either, at least IMO.
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Maybe not plausible to bring it back but it should have never been scrapped. One of the 2 grave mistakes of this nation along with creating the Federal reserve.
It's not a stupid question because the American people are intentionally kept in the dark about our money supply and how it operates. The responses ITT serve as further proof of that.
First of all, the government has absolutely nothing to do with creating money. Money is created by the Federal Reserve which is a private corporation (to whom you pay taxes), and all the money it creates is lent directly to the the government and the people via the banking system. In other words, creating more money creates more debt, not less. The last person who tried to create a government-back, interest-free currency took a bullet to the head for his troubles (JFK). It is not mathematically possible to ever pay off the (fake) national debt.
That said, the Federal Reserve is ALWAYS creating more money (money is actually a clever term used by the Federal Reserve to mask what it really is - debt). If the Fed ever stopped creating money, the entire ponzi scheme would abruptly crash, and it would bring down the world economy with it.
Moreover, only a small fraction of the money (actually debt) created is actually printed. For example, the fake national debt is said to be in excess of 16 trillion dollars. It would take the Bureau of Printing and Engraving nearly 36,000 years to print 16 trillion dollars. In other words, in practically impossible to print that much money. Virtually all the money created exists in only in cyberspace.
As Henry Ford once famously said:
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
To further understand Henry Ford's quote, I would higly recommend you watch the following cartoon. It is 30 minutes of pure brilliance. It is entertaining and incredibly accurate right down to the quotes. This should be required viewing for every Amrican citizen.
A simple animated explanation of HOW the private Federal Reserve steals your money and WHY it must be stopped Subtitles now available; -Greek -English -Spani...
This post has been edited 2 times, most recently by bama58 14 months ago
I would be remiss in not pointing posters to the bible of the Federal Reserve and the banking system: Secrets of the Federal Reserve by Eustace Mullins. The book can be downloaded free here:
The writing of this book was essentially comissioned by the great Ezra Pound. It was intially printed about 65 years ago, and no one has ever been able to refute any of the facts contained therein . . . which of course is why we call them "facts."
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0000002429 00000 n
0000002840 00000 n
0000002918 00000 n
0000003536 00000 n
0000003676 00000 n
0000006940 00000 n
0000007204 00000 n
0000009391 00000 n
0000009654 00000 n
0000009862 00000 n
0000010164 00000 n
0000000636 00000 n
This post has been edited 3 times, most recently by bama58 14 months ago
Unless you mean stocking shelves, I have a very difficult time believing this.
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