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Re: The great banker myth of “the just print to much money”.

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  • Thu, Jul 30, 2009 - 07:25pm

    #15
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: The great banker myth of “the just print to much money”.

[quote=DrKrbyLuv]

Ready said:

2.)   I understand that the US does not incur debt to create $, but does the US Treasury issue $ to the banks at interest, or not.

Good question.  Most people think the U.S. issues it’s own money – it doesn’t.  Every new dollar is created with debt to the private bankers.  The government must pay interest on almost all that it spends.

[/quote]

Larry, I was referring to your plan, not as it happens now. I understand how the Fed works.

Rog