P F Tinmore
Diamond Member
- Dec 6, 2009
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There are two ways to get money into the economy.Where would you get it to be taxed?
So you want govt to print money for us, and you want govt to print money for itself?
whats essential difference with current system? Notice you dont know what you are talking about so we have to drag it out of you until you see how silly you are??
The Fed can print the money, lend it to the government with interest. Then the government spends that money into the economy.
The government can print the money itself debt free and interest free. Then the government spends that money into the economy.
The Fed can print the money, lend it to the government with interest. Then the government spends that money into the economy.
Sounds awful! What percentage of the national debt do you feel was borrowed from the Fed?
What does the Fed do with the interest they get from the government?
Have you given up on your claim that I owe interest to somebody for the $20s in my wallet?
- All of it.
- Give it to their stockholders.
- That is what taxes are for. Remember, the Fed and the IRS were set up at the same time.
All of it.
That would mean you couldn't buy a Treasury Bill, Note or Bond.
Total debt is almost $22 trillion. The Fed currently holds about $2.2 trillion.
In other words, you're really, really wrong.
Give it to their stockholders.
Stockholders only received $1 billion in Fed dividends in 2018.
Fed profits were about $63 billion.
That is what taxes are for.
My taxes are based on my income, not how many or how few Federal Reserve Notes I hold.
Remember, the Fed and the IRS were set up at the same time.
I remember. Still doesn't help you prove any of your claims.
Interesting. Where did they get that money?The Fed currently holds about $2.2 trillion.
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