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Hope you all are ready gonna be bread lines when hyperinflation sets in.
They've always been able to do "Fractional Reserve Lending," i.e., loaning what they only have a fraction of in cash. That's a huge part of
moneycurrency creation.If we had a gold, or even better, a Bitcoin-based system, and they could only loan, and especially, SPEND, what they actually have in cash, then we'd have a real country and economic system. They would be forced to live/operate within their (our) means.
The Federal Reserve holds 1 Trillion short term US Treasury notes and 4 Trillion in long term. The Treasury pays the Federal Reserve interest and Fedetal Reserve returns the interest to the gevernment. Federal Reserve creates the money to pay for the notes out of thin air.
Isn't america currently the biggest oil producer in the world? Isn't usd backed by oil?
1340 years ago somebody said usury is Haram.
Q 2:275 …they say, "Trade is [just] like interest." But All?h has permitted trade and has forbidden interest.
How much money before 2008 crash was in debt before the CERN machine was built to control its people? The brics have come away from the England's israel money pit or ukraine and is texas the real israle of the redheffers.
This has happened countless times in history and the result in every sovereign nation is the collapse of the currency.
As long as our economy is making things, our currency will always have value. We need to pay attention to what our economy is producing and velocity of money. If we make a lot of stuff, we can print the money out of thin air to fund it. MMT is the way to go. The Feds should stop paying interest on debt. It is okay to create money out of thin air as long as the created money is being used to put people to work and goods and services are being created.
Mad Max is right about the economy. The reason precious metals are a bad basis for currency since the Industrial Revolution is that if businesses can't get enough money to fund expansion if they are growing rapidly, they fail. There's not a limited supply of human ingenuity. However, everything runs on energy now whereas in the past fine art objects of precious metals and gems might be a more reasonable measure of where growth and investment might flourish.
Promvlem is US want world community to pay for their cheat
Cheating america facing its own karma