Quote:
Originally Posted by DemolitionRed
This isn’t frontline news, but it has been lightly touched on by the economists and jumped on by a few random internet papers that have no understanding of how I.O.U work.
The debt ceiling for the U.S was the 16th of March. That’s when the dollar was due to freeze on its nearly 20 trillion debt. Outsiders haven’t been buying US debt so what’s the score here? Are the Feds printing money into oblivion… printing until deflation gives way or has the whole thing been rigged? I think the later.
Exogenous treasury money (debt free sourced at treasury) and channel it only toward instruments held on fed balance sheets. This means the new U.S. notes never actually enter the money supply.
A trillion dollar coin can be sold by the mint to the Federal reserve. This puts a trillion dollars in the Treasuries account, which is then used to swap/cancel debt.
http://www.zerohedge.com/news/2017-0...nd-halt?page=2
Debt money is fraud invented by fraudsters and the only way Trump is going to survive and keep his dollar buoyant is to find a fraudulent way to balance the books. |
nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again
Threaded Mode