Liberal Forum

by the way...if you really believe that private banks purchasing bonds is some sort of devious scheme to do some cosmic shuffling and make money out of nothing...why don't you get in on the action? You can do the exact same damn thing. Go loan a bunch of money from some private bank then spend it al...

The central bank purchases and sells us bonds to control the dollar rate of inflation. THeir target for inflation is 2%, and it has been very close to their target for a very long time...so they seem to be doing a good job. Banks purchase bonds to have greater security in their liquid assets. If th...

So basically you are admitting that anyone who took an econ 101 class knows that private banks cannot simply print money to pay their debt. I agree. What is all this other irrelevant nonsense? I mean did you study SO MUCH ECON that you lost the ability to make a point? Because I see you making mor...

...i'm 'confused'?! ...ummm, YOU are spouting the same surface level rubbish they teach in econ 101...i sounded just like you 25 years ago when i was a republicrat blitherer...[although you're waaaaay ahead of rk and termin8tor...those guys are really ****.. ] ...AGAIN, THE VAST MAJORITY OF '...

and as far as the concern you guys have about the us 'fiat currency'...this explains what backs the US dollar: http://faculty.georgetown.edu/imo3/petrod/define.htm...

The us has a very messy currency system...and it is designed to give maximum control over the us economy. I can understand why you are confused by it. The federal reserve LOANS money to private banks. The interest they charge sets the federal interest rate. Banks that want to make a profit are obvi...

That is interesting information - but a bit unhistorical in treating fiat currency as an american invention. Such currencies were a plague on ancient egypt....

We are not on the gold standard anymore because we replaced it with something more useful: an oil standard....

Pull out any 1$ you have (assuming you have any)...notice the term 'Federal reserve note' is on it as well as a signature of the us treasurer. You know what any of that means? You think private banks put those things there? If Wachovia were printing money...dont you think they would call it a 'Wach...

have you ever heard of the US department of the treasury? What do you think they do? are they a bank?...