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Tractor Talk Discussion Forum

Re: Death and Taxes.

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RodInNS

12-12-2012 10:36:30
216.118.158.123



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Reality is... someone has to pay. You can't go on printing money like there's no tomorrow and not expect that it has to be paid back at some point. The day of reckoning has arrived....

Rod




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dhermesc

12-12-2012 12:58:58
24.248.193.103



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 Re: Death and Taxes. in reply to RodInNS, 12-12-2012 10:36:30  
The Fed doesn't even bother printing that much money anymore, it's created with a few strokes on a keyboard.



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RodInNS

12-12-2012 18:39:43
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 Re: Death and Taxes. in reply to dhermesc, 12-12-2012 12:58:58  
Same difference...

Rod



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Wile E

12-12-2012 13:25:36
66.188.56.202



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 Re: Death and Taxes. in reply to dhermesc, 12-12-2012 12:58:58  
To reduce the debt the gubbermint really just has to move the decimal point back 1 place to make it 90% less. Of course everyone gets a 90% reduction in purchasing power of their money.



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dhermesc

12-12-2012 14:04:46
24.248.193.103



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 Re: Death and Taxes. in reply to Wile E, 12-12-2012 13:25:36  
That is pretty much what the US is doing. Currently 90% of the debt run up by the federal government is being bought by the Federal Reserve with money they "created". 5 years ago the Fed might ocassionally by T-Bills, now the government depends on them doing it.



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