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| Economy |
| Federal Reserve creates trillions of dollars from thin air. |
| 2011-03-08 |
| Posted by:GolfBravoUSMC |
| #3 As I mentioned a while back, the tremendous disparity between virtual money and physical greenbacks is screaming for a disaster, a currency split, where nobody will accept virtual money, and demand cash, and there is so little cash in circulation that it runs out. It is almost out of the ballpark right now, with virtual money so overabundant that it is approaching worthless, and physical cash so deflated that it is almost priceless. The only sane alternative is the issuance of scrip, to rationalize the dollar, which it does just by being out of the control of the federal government. This would be done by States setting up audited and State insured private companies to issue scrip, to avoid legal limitations on State issued currencies, under controlled currency rules. Thus individual States would determine the value of its scrip, the price of goods and services, and plain paper bills would be assigned to individuals, until spent by scanning an encrypted data matrix bar code by a retailer, with the customer entering their PIN number to confirm. With the dollar fluctuating wildly, the scrip would be solid as a rock. Dollars would be concentrated at the State level, where they could be used to buy imported goods not made in the State. Thus markets and government in the State would continue to function. Producers could sell their products and consumers could buy them. |
| Posted by: Anonymoose 2011-03-08 15:29 |
| #2 yet the Chairman says there is no inflationary pressure caused by this. The entire worldwide monetary policy is teetering on the brink as more and more people begin to see that the Emperor has no clothes, meaning its just paper, and its value is entirely theoretical. If they keep printing and inflation really kicks in as it is looming to do, this could get very ugly as the rubes wake up to the scam of fiat money...... |
| Posted by: NoMoreBS 2011-03-08 14:44 |
| #1 Printing money is like bending a mirror. It can make you look fatter or thinner but too much lies and it shatters. |
| Posted by: Bright Pebbles 2011-03-08 13:44 |