Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 779303, member: 3011&quot;]This is a little simplistic and overlooks an important point.&nbsp; The debt is the money and the money is the debt.&nbsp; The debt should not, can not, and will not be repaid.&nbsp; The central banking system is designed for the debt to never be repaid.&nbsp; It would be more honest if the Treasury just issued perpetual debt to the Fed.&nbsp; The alternative is to return the money issue function to the Treasury, not to try to pay down the debt in Federal Reserve Notes.&nbsp; Every dollar of Federal Reserve Notes is backed by a dollar of Treasury debt [or other reserve asset].&nbsp; If $4trillion of debt was repaid, it would decrease the money supply by $4trillion and cause a massive deflationary depression.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in