Monopoly money
U.S. Government borrows money from itself
What does this mean? It means that using an accounting trick, the Government is borrowing money from itself and calling it found money and a reinvestment. Essentially it is the same as taking money out of the Monopoly bank and then pretending you had it all along. So since no one else will buy our debt, we will, and this will devalue the dollar and set off inflation. Welcome to 1920's Germany, 1970's Mexico, and any other country that tried to print its way out of debt.
P.S. I have added wheel barrels to my inventory of torches and pitchforks, this will allow you to carry the money you will need to buy bread.
Federal Reserve officials decided to reinvest principal payments on mortgage holdings into long-term Treasury securities, making their first attempt to bolster growth since March 2009 to keep the slowing U.S. economy from relapsing into recession.
What does this mean? It means that using an accounting trick, the Government is borrowing money from itself and calling it found money and a reinvestment. Essentially it is the same as taking money out of the Monopoly bank and then pretending you had it all along. So since no one else will buy our debt, we will, and this will devalue the dollar and set off inflation. Welcome to 1920's Germany, 1970's Mexico, and any other country that tried to print its way out of debt.
P.S. I have added wheel barrels to my inventory of torches and pitchforks, this will allow you to carry the money you will need to buy bread.
posted by davis14633 at 13:01
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