blooppity boopty doo?New ones are never created?
Old ones are never destroyed?
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blooppity boopty doo?New ones are never created?
Old ones are never destroyed?
Borrow it from whom?...Who has the collateral being borrowed against?
Ahhhh!...The ole "full faith and credit" ring-around-the-rosey horsehit!!
What, in the name of Sam Hill, does that mean?...Where is the physical collateral, that a bank would demand from you and me, if we "borrowed"?
I want a concrete definition of vague terms.Sorry that you don't understand the meaning of the term. Don't like it, don't buy Treasury securities.
If i'm reading this right, perhaps the term "US mint depository reserves" applies ???Where is the physical collateral asset?
And pay interest on it. Kind of like how casinos make money.Borrow it from anyone who purchases a T-Bill, T-Note or T-Bond.
Not an answer....Where is the physical collateral asset?
"Full faith and credit" = We will tax the hoi polloi out of their homes and inflate their currency to complete worthlessness, to make sure that you get repaid for the "money" it costs you nothing to create.
And pay interest on it. Kind of like how casinos make money.
97% payback they say....so, everytime you play, you lose 3%. Better have a fat roll of cash to be able to keep that up.
What "reserves"?...Where is the physical collateral asset of value being lent against?
Spoiler alert: There isn't one.
Not relevant to anything....Where am I wrong?
Where is gubmint getting the "money"?
yes , i was workin' my way there Odd oneWhat "reserves"?...Where is the physical collateral asset of value being lent against?
Spoiler alert: There isn't one.