[11th Commandment]

The Federal Reserve can certainly take less. They created the money out of thin air, and they can make it disappear also.

I hope your not serious... if you think the money supply is too high we need to retire currency not bonds. If bonds are discounted, then the money stays in the economy.

[exit82]

The Fed created $4.5 trillion of new debt with zeros and ones on an electronic screen.

It was called QE.

Now we have to pay it back with interest.

If they take a haircut, what have they lost?

Because haircuts are coming.

[L,TOWM]

HAHAHHAHAHAHAHA — the paper and coins you and everyone else are carrying or storing in vaults are an infinitesimal and meaningless percentage of the actual money supply in this country and indeed, the entire world...

Money is created by banks, currency by governments. And the currency in this country (and the entire world) is backed by nothing more than a pack a bankers and their bought and paid for whores in the government saying “this green paper has value”. Every time a bank shoves a few electrons in the form of a loan or buying a bond from Uncle Sugar, it creates money.