you are viewing a single comment's thread.
ROTFLMAO... adding zeros to an electronic account costs nothing, comes from nothing, is worth nothing !!!
yep just what I was thinking...only the paper and coins that have a cost.
Since electronic money is cost free, Ben can create unlimited amounts of it. Need $1 trillion for currency SWAP with ECB? Just tell ECB to add some zeros directly into ECB USD electronic account. Don't even need to wire it. Just make a book entry and charge the 6% money creation fee to the American people's government. Creating money makes the Fed rich.Someday, the ECB will stop asking permission and just add the zeros whenever they want more USD. It's just too easy!
US is getting to the point that their tax revenue won't able to cover their debt payment.What happen if you take away their printing press ?United States goes bankrupt or they have to sell their land to make their debt payment or they can become a deadbeat and start WW3 and start invading their rich neighbor Canada.get it!!