Re: Cheney's Halliburton to Control Iraqi Oil?
James Richard Tyrer <[email protected]>
| Newsgroups | gmane.comp.kde.cafe |
|---|---|
| Message-ID | <[email protected]> |
Andreas Pour wrote: > In the case of the Fed, if you would be so grand to tell me, as you are so > expert at economics, how all the US money supply comes into being? Let's start > at day 0, and you can take a coconut island with two inhabitants as your > example. If they were to use non-intrinsic money like the US, they would do it the same way -- like I said before -- by swapping debt for debt. >> The important thing to note here is that the Fed has only fiat money, >> it is not backed by any assets, so keep that in mind with your >> "economics 101" analysis of our simple hypothetical island. It isn't fiat money, it is debt money. -- JRT Kde-cafe mailing list - [email protected] http://ofb.biz/lists/listinfo.cgi/kde-cafe DISCLAIMER: The views expressed on this mailinglist are the personal opinions of the author and do not represent OfB.biz: Open for Business, KDE or the author's employer.