Quote:
Originally Posted by dyna mo
i don't understand how this pertains to the accounting principles they use.
regardless of whether or not what is returned to the treasury as profit and how much, there will still be a blank spot on the accounting ledger next to the $1.5 trillion cash printed in coordination with the debt that this legislation will *wipes out*.
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Any debt created on our printed money can be wiped out. All they do is use an eraser, and remove the interest, and not the actual debt. So next to the 1.5 trillion would be a spot waiting for the 1.5 trillion to be paid back, instead of 3 trillion. Or actually, 6 trillion, because debt would be created to pay it back.