Quote:
Originally Posted by TheDoc
How is what I said incorrect when that's exactly what I said?
Either way, the debt created on printed money is not needed.
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you said the bank does not utilze a ledger/balance sheet. that's incorrect. the fed printed up 1.5 trillion dollars then issued debt against that. that a balance on a ledger.
again, what will come of the 1.5 trillion printed dollars that have zero corresponding debt attached to them?