Posted on 09/13/2023 9:24:36 AM PDT by Red Badger
" That’s why they want to go to a Digital Dollar........" so they can kick the debt 'down the road' ?
Or, would they just say :' My Bad,.. but we can fix the missing money by going crypto ?'
The Fed just chastised and eliminated three regional banks for doing the same behavior that they, themselves, did.
Quick, somebody check the 22 Biden Crime Family shell companies’ bank accounts!
57 billion in payoffs, graft and bribes. We know that’s where it’s gone.
Don’t do as I do, do as I SAY DO!...................
One thing we will never get is an audit of the Federal Reserve, could ask Reagan if he were alive, he wanted to but was convinced to drop it.
Full faith and credit….lol.
The fancy name for it is “monetizing the debt”. The article points out that the Fed can never really be insolvent, as it can just print more money. (Actually, they just arbitrarily can increase the total amount of currency in circulation with a few ledger entries in a computer.)
What happens when you print more money? You create inflation and devalue the currency already in circulation. That means everyone invest in dollars gets hosed. I use the term “invested” loosely - if you have savings in US dollars, then you’re invested. If you’re China, and hold trillions in US Treasury Bonds, you’re invested. If you’re the Social Security system and your excess assets are invested in US Treasuries, you’re invested.
Get ready for “the great reset”.
AKA “Inflating your way out of debt”...............
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