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Re: Ron Paul's Creative Solution to the Debt Ceiling Impasse! Wow!! This makes SO much sense! Let's make this guy President!

By: lkorrow in ROUND | Recommend this post (0)
Sun, 03 Jul 11 8:48 PM | 75 view(s)
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Msg. 33729 of 45510
(This msg. is a reply to 33728 by Decomposed)

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Wouldn't deflating M1 benefit all and strentghten the country? It's all funny money, after all.




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The above is a reply to the following message:
Re: Ron Paul's Creative Solution to the Debt Ceiling Impasse! Wow!! This makes SO much sense! Let's make this guy President!
By: Decomposed
in ROUND
Sun, 03 Jul 11 5:53 PM
Msg. 33728 of 45510

re: "have the Federal Reserve Board destroy the $1.6 trillion in government bonds it now holds."

Of course, as soon as it does this, the pretense that our government is selling debt as opposed to counterfeiting money will be truly and forever quashed. What effect might that have on those alrady holding U.S. dollars?


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