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: > But here again you seem to misunderstand the nature of the US money system: it > is not the "government" that generates the fiat money. It is a **private** > central bank called the Federal Reserve System. > Actually, the Fed is a quasi-public entity. But, this question is axiomatic. If it is a private entity then it isn't fiat money because only the government can issue fiat money. As I keep saying, the Fed creates money by exchanging debt (US Treasury paper) for debt (Federal Reserve notes) -- it isn't fiat money in any case. -- 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.