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Naaa.... we aint printing money
- Thread starter daddyeaux
- Start date
Quote from jprad:
The sad calculus that renders your argument invalid is this; the debt created each time the Fed prints new money can never be paid off unless you print more money. But, each time you print more money it comes attached with even more interest.
It's the ultimate ponzi scheme that is a direct affront to the Constitution because the beneficiaries of that interest paid are not the taxpayers but the private owners of the Fed.
This is my biggest problem. Why do we have a private institution creating money for us. Why not just create it ourselves and avoid the enormous task of paying interest.
Not sure what you're getting at, but at some point someone needs to be able to tell juan and carlos when it's time to print.Quote from jprad:
The sad calculus that renders your argument invalid is this; the debt created each time the Fed prints new money can never be paid off unless you print more money. But, each time you print more money it comes attached with even more interest.
It's the ultimate ponzi scheme that is a direct affront to the Constitution because the beneficiaries of that interest paid are not the taxpayers but the private owners of the Fed.
Quote from bkveen3:
This is my biggest problem. Why do we have a private institution creating money for us.
Because, once upon a time the only people who could vote in this country where those that owned their land free and clear with no leans, mortgages or debt attached to it.
The premise was that you had to have some level of competent intelligence to ever get that far and presumably had the ability to make a learned decision.
The alternative was having an analog to a drivers test for those running for office, but that didn't enter into their minds because public service was thought to be a civic duty of limited time, not something you'd actually want to make a career out of.
Fast-forward to today where any unibrowed mouth-breather can vote for a similar dolt who's already in someone else's pocket.
Connect the dots...