Music Banter - View Single Post - It's been close to a year... Thoughts on Obama

duga · 04-19-2010, 08:45 PM

Ok even simpler.

Money in circulation = loan from the Federal Reserve = debt to the Federal Reserve amongst the American people and the government = every time more money is dumped into circulation, our national debt increases

Due to the fractional reserve system, the more we spend and the more loans the Fed has to give out, the less our money is worth. The less our money is worth, the more we spend. This contributes to our economy failing. By all means, explain to me how this is a good thing.

That has been my criticism of this system from the beginning.

I could really give two ****s whether or not the OMO works, I know what it is meant to do but that is not really what I am criticizing. I only got into it because you started picking on that aspect of my posts.

04-19-2010, 08:45 PM	#76 (permalink)
duga MB quadrant's JM Vincent Join Date: Dec 2009 Location: Washington, DC Posts: 3,762	Ok even simpler. Money in circulation = loan from the Federal Reserve = debt to the Federal Reserve amongst the American people and the government = every time more money is dumped into circulation, our national debt increases Due to the fractional reserve system, the more we spend and the more loans the Fed has to give out, the less our money is worth. The less our money is worth, the more we spend. This contributes to our economy failing. By all means, explain to me how this is a good thing. That has been my criticism of this system from the beginning. I could really give two ****s whether or not the OMO works, I know what it is meant to do but that is not really what I am criticizing. I only got into it because you started picking on that aspect of my posts. __________________ Confusion will be my epitaph...