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That will shrink to nothing as the dollar devalues due to over supply. I don't think the Fed wants to turn us into Zimbabwai which is what you are implying. But, that's not the point of the discussion. It is what the Fed can and cannot do. It cannot just deposit money into the Treasury...

Does AK even know he has been nominated and confirmed, 'King Troll'?

Yes, I know you think my title is racist but Samuel Jackson said I could say it. Now read this stupid story. <img src="http://o.aolcdn.com/dims-global/dims3/GLOB/resize/550x600/http://www.blogcdn.com/www.mandatory.com/media/2013/01/woman-claimed-pregnant-3d-movie.jpg">

The Senator just returned to the Senate after suffering a severe stroke. For Mark Kirk, there was no white light, no tunnel. What Illinois’ junior U.S. senator experienced was three angels standing at the foot of his bed. “You want to come with us?” Kirk was asked. “No,”...

Senator Dianne Feinstein, I will not register my weapons should this bill be passed, as I do not believe it is the government’s right to know what I own. Nor do I think it prudent to tell you what I own so that it may be taken from me by a group of people who enjoy armed protection yet...

You mean the birds in the air and the fish in the water?

And what's AL Jazeera? Oh, is it what Al does when he's in the bathroom? :D

1) If your dollar becomes worth only 1 cent it will be a laughing matter. I don't think you meant to use the term 'seigniorage' above. 2) I do think you need to go to the Act creating the Federal Reserve to satisfy yourself of the facts of what the Fed can and cannot do under the law.

I think when RCG said "reverse engineer" his trades he meant "do the opposite." :D :D

Thanks walter4. It's about time I get some recognition around here! :D

LOL Maybe that was a mistake. You should have taken more math and science classes to give you a more logical mind. But AS I HAVE SAID BEFORE we are protected by the Constitution from over reaching zealots like yourself who would make our decisions about what weapons we should have or not...

Absolutely. I don't like getting robbed or assaulted either. Why wouldn't I be afforded the same protections? Thank God that the Founders realized there were zealots like RedDuke, et al who would have the populace disarm at the risk of losing freedom. I know they will laugh at that...

LOL If that were the case we wouldn't have a $16.4 tillion debt now but a loaf of bread would cost about $200.00. It may be the Treasury's account at the Federal Reserve but just as our banks don't keep our checking acounts funded if we overdraw, neither does the Fed keep the Treasury's...

It just doesn't work that way. If you think it does, site a credible source. During the Gold Standard days, a "Gold Certificate" could be issued to the Fed by the Treasury for some cash but that was then. And it was offset with the hard asset. I presume that is why Ron Paul was always...

That's where the democraps say they will fix it by making it single-payer. The government will completely take over and low income people will get their healthcare free. The rich (if anyone rich is left) will pay for it.

No. The Treasury is not issuing checks that the Fed buys up. The Fed cannot do this. The Treasury is issuing bonds and the Fed has been buying them up in the secondary market with QE's. Since the Fed intends to sell these securities back to the maket in better economic times they are not...

I think the Fed is required to purchase securities in the secondary market in order to monetize the debt. They can then retire those securities so the Treasury doesn't have to pay them back (monetization) or they can act as a regular owner of the debt securities and the Treasury can retire them...

LOL According to Ricter's logic there is no need to tax anyone. Just print the money that taxes would have brought in and call it even. Hell of a deal! Those commies are so brilliant I don't understand why they keep failing at government. :D

I wonder if AK voted for himself.

I imagine there will be a court challenge and immediate injunction issued before this gets anywhere.