Comments on: Full Retard Engaged: EFSF Starts Buying Its Own Bonds

By: Michael Suede

Michael Suede — Mon, 14 Nov 2011 21:13:00 +0000

If I gave you a monopoly privilege on the ability to print money -how much would you print?

Would you print enough to fund an army and then use that army to stop anyone from preventing you from printing more?

Would there be any way to stop you from printing more money short of a violent revolution?

By: Christian

Christian — Mon, 14 Nov 2011 01:08:00 +0000

What about Bill Still? He says to float a currency based on paper but regulate the amount in existence. It seems like a good idea on the surface.

By: Christian

Christian — Sun, 13 Nov 2011 17:24:00 +0000

All fiat currency is based in faith. If you don’t have a demand for it who is going to have any faith in it? It’s an interesting strategy that is playing out. Printing (electronically creating) all this currency and giving it away (low to no interest rates) to have it reinvested in government bonds. It will guarantee the expansion of the currency supply that is needed. But what happens if banks decide to loan out money, hyperinflation? What if they sit on the money and use it to pay bills stagflation?
Either way the economy goes in the toilet. Either way they are sitting on a time bomb of fiat currency as the interest on the debt needs to have it’s pound of flesh sacrificed to it. When the house of cards falls down do you think bankers will jump out of windows or mow down as many people as possible with their cars?

By: Chris Granneman

Chris Granneman — Sun, 13 Nov 2011 05:46:00 +0000

Currency backed by anything other than a rare commodity is (It is really hard to say the as a devout agnostic raised by two atheists but..) pure evil…like the horned pitchfork wielding guy that likes to torture people for all eternity.