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I tell to my kids they can buy each over their toys with fiat family money.
I print 500$, I give 50$ to each, and they start to trade toys with this money.
A few kids want more gadgets, but do nothing than watching TV . they just want more toys... I print more fiat money and I give 2000$ to 2 of my children. They can buy all gadgets of their siblings.
At the end, one got all gadgets, and others just got money and no toys anymore.
So kids with money only come to me because they want buy new toys from their father , and I say "sorry guys, this money has no value, come from my laser printer", so kids realise they have only fiat money...And go to their bedroom crying and lamenting...
I tell to my kids they can buy each over their toys with fiat family money.
I print 500$, I give 50$ to each, and they start to trade toys with this money.
A few kids want more gadgets, but do nothing than watching TV . they just want more toys... I print more fiat money and I give 2000$ to 2 of my children. They can buy all gadgets of their siblings.
At the end, one got all gadgets, and others just got money and no toys anymore.
So kids with money only come to me because they want buy new toys from their father , and I say "sorry guys, this money has no value, come from my laser printer", so kids realise they have only fiat money...And go to their bedroom crying and lamenting...
T-bills are as good as cash. Too much cash and T-bills are worth less
In order for fiat currency to be printed "out of thin air", the acting lender (Note Holder) convinces the homeowner they received something valuable for a loan. But that is not what happened.
The homeowners Promissory Note is the Negotiable Instrument being used to have the fiat currency printed out of thin air.
They turn homeowners credit into the fiat currency, attach interest (usage fees) to it, then loan it back to the homeowner. They just sold the homeowner fiat currency that has no value... with interest. They just turned homeowners credit into debt. The interest attached to the fiat currency without being backed, causes the fiat currency to become negative value(debt).
The homeowner is financing debt.(verified by Wells Fargo). Ok, but why oh why would they go through the trouble of printing valueless currency and use it in place of homeowners credit? Because they cannot attach interest (or usage fees) to homeowner's credit.
They cannot place a lien on homeowners credit but they can place a lien on "their" fiat currency.
If fiat currency is valueless (or non-backed), why not leave homeowners credit as it is, just a number that represents an amount of value the homeowner can work and create?
Because when interest is attached to "non-backed" fiat currency, they collect the currency for interest payments backed with homeowners energy an labor. They collect value back in exchange for the debt. The homeowners energy an labor gives the fiat currency *buying* power.
They sell the homeowner debt but collect the debt back with value added by the homeowner.
They expect you to pay back the fiat currency printed out of thin air, with value added from your energy and labor.
How long does it take to print the fiat currency?
How long does it take to work and create value for the fiat currency they printed out of thin air, somewhere around 30 years?
This may help explain why a mort-gage translates to dead- pledge
I tell to my kids they can buy each over their toys with fiat family money.
I print 500$, I give 50$ to each, and they start to trade toys with this money.
A few kids want more gadgets, but do nothing than watching TV . they just want more toys... I print more fiat money and I give 2000$ to 2 of my children. They can buy all gadgets of their siblings.
At the end, one got all gadgets, and others just got money and no toys anymore.
So kids with money only come to me because they want buy new toys from their father , and I say "sorry guys, this money has no value, come from my laser printer", so kids realise they have only fiat money...And go to their bedroom crying and lamenting...
Comparing government spending with household/individual spending is probably the stupidest comparison people keep making...
Too much of what? You pay off the national debt by borrowing from banks. Not kidding either. The only two sources of dollars are monetized government bonds and bank credit.
As someone who spends an inordinate amount of time making predictions on the fate of the US economy (re: the FED and national debt), don't you think you should already know this? If only to present a well informed argument?
Here is a hint: What does the FED have that you do not?
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